Published On: Tue, Feb 28th, 2017

Looking at Eurostoxx 50 after its retracement

InstaForex

Background


The Eurostoxx 50 index retraced 61.8% of the bearish wave 3,350/3279 in trading 3,323. Stochastics are giving a bearish signal.

Let’s sell the Eurostoxx 50 at market, with a stop-loss at 3,324 and take profit at 3,292.

Eurostoxx 50 since start of February 2017

Source: Saxo Bank

Management and risk description

Parameters

Entry: Sell Eurostoxx50 Mar17 (FESXH7) @ Market

Stop: Buy stop at 3,324 (GTC)

Target: Take profit at 3,292 (GTC)

Time horizon: Today

We will adjust the stop-loss and take-profit levels according to market action.

Eurostoxx 50 five-year chart

Source: Saxo Bank

— Edited by Clemens Bomsdorf

Non-independent investment research disclaimer applies. Read more
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