GER30 - Intraday - We look to Buy a break of 15333 (stop at 15278)
We are trading at oversold extremes.
Bespoke resistance is seen at 15300 and, with the swing high at the same level, we look for a break of this barrier to trigger our longs.
A higher correction is expected.
Dips continue to attract buyers.
50 4hour EMA is at 15490.
Price action has posted a Doji candle and signals a possible reversal of the recent trend.
Our profit targets will be 15478 and 15498
Resistance: 15250 / 15300 / 15400
Support: 15200 / 15150 / 15100
We are trading at oversold extremes.
Bespoke resistance is seen at 15300 and, with the swing high at the same level, we look for a break of this barrier to trigger our longs.
A higher correction is expected.
Dips continue to attract buyers.
50 4hour EMA is at 15490.
Price action has posted a Doji candle and signals a possible reversal of the recent trend.
Our profit targets will be 15478 and 15498
Resistance: 15250 / 15300 / 15400
Support: 15200 / 15150 / 15100
Trade closed: target reached
