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US 100 index is persistently trying to break through resistance

US 100 index is persistently trying to break through resistance

Dec 09 2021

by Michael Wallenberg
Analyst AZA

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US 100 index is persistently trying to break through resistance

US 100 index is persistently trying to break through resistance

The US 100 index is approaching the resistance level of 16450 for the sixth time and cannot break it. This level turned out to be very strong. A good signal to open a long position will be the breakout of this level. Our target for this trade is 145 pips. We placed a Take Profit order slightly below the all-time high at the next resistance level.

Symbol: US100
Order Type: Pending Order - Buy Stop
Entry Price at 16450
Take Profit at 16595
Pips Earning: 145

Forex trade strategy for major currency pairs:
EURUSD sell at the price of 1.1300
USDJPY sell at the price of 113.25
GBPUSD sell at the price of 1.3160
USDCHF buy at the price of 0.9240

Trading recommendation for stock index
The profit can be $1450.00 if the trading volume of 10 Futures.

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