This is a FUNDAMENTAL based trade ( Entry, TP, and SL are defined based on the D1, and H4 recent levels)
- Strong Support line found at all time high zone ( 13 765 - 13800)
- Negative EU economic date
- Increase of the number of Corona Virus cases
- Expectations of the global economy to slow based on the current economic rate
- German and European economies relies highly of manufacturing which is highly tight to the Chinese economy
Risk:Reward almost 1:5
Trade Safe :)
- Strong Support line found at all time high zone ( 13 765 - 13800)
- Negative EU economic date
- Increase of the number of Corona Virus cases
- Expectations of the global economy to slow based on the current economic rate
- German and European economies relies highly of manufacturing which is highly tight to the Chinese economy
Risk:Reward almost 1:5
Trade Safe :)