With Euro Stoxx 50, the 2843.00 level is a bear trap. We can also see a reverse candlestick signal at that level, so as the market opens, we’ll try buying this asset:
According to the latest COT CFTC report, market operators continue to rebalance their positions, by increasing their short positions, while other market participants increase long ones. At the moment however, the operators outweigh with buying bids, then we predict another impulse north for the Euro:
With the Euro, we insist on forming a flag and on potential growth of the pair to 1.1700 level. We wait to buy until we reach the flag:
Buy Limit 34.75, Stop Loss 32.25, Take Profit 45.00.
Stay tuned for more and trade with Tickmill!