Screenshot from IQoption.com Time Frame 1D Google Inc.
Graph Analysis
How you can see there are 2 lines Red line is supports line and green line is resistances line. In next part I'm going to show you how I should enter into long or short positioning!
Short position
I would Recommend go into short positioning if. Price go through red line or if price bounce off green line but be aware there why ? Because if price go through red line it can be fake puncture and what about bounce off ? There could price bounce off again even sooner then at red line !
Long position
When I would go into long positioning if. Price go through green line or if price bounce of red line but be aware ! There could be fake puncture or even sooner bounce off then you think!
Summary
Now where you should take profit ? You should take profit when there is forming another support or resistance line! But I would recommend not to invest in google now because price is in channel price !
I'm Warning you !!
I'm not responsible for your money loses !! I'm here just for make estimates ! The trade depends on you You can just inspirate from me !! But if you lose money i will not give you money back and noone will! Stocks exchange is very hazardous have that in mind ! I'm not guarantees accuracy of any content and hence using information on this website is solely your responsibility. The article is only for informational character(nature) and should not be take(taken) as investment advice for the purchase or sale of stocks(shares) or other instruments. The reader agrees that the purchase or sale of stocks(shares) and other instruments based on the content of this article is at his own risk and liability.
Disclaimer
That all decisions the trader takes itself, and all indicated is not advice and a guarantee of profit
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