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Chimbarosa

Update GER

Germany 30 (OANDA:DE30EUR)  
Chimbarosa Updated   
OANDA:DE30EUR   Germany 30
Trend Analysis
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trendanalysis
MPOV

Channel: Green
Resistance: 15600
Support: 15150/ 14650
Comment:
After testing the 15500 we saw some moderate selling and retetest the 15150 support. As of today, we could see both: Retest of 15500 or a retest of 15150. I would short the 15500, but GER has still room to move towards 15700. Hence I would open another position around 15700. On the other hand, if we retest the 15150 today, it could become a buying opportunity. But 15150 has to hold or we move towards 14650, which would provide another good trading opportunity.
Comment:
Within the next 2 - 3 trading days we might see the next move. I guess investors would like to stay in the green channel, hence we might see another move up.
Comment:
We broke the trendline and failed to recapture the trendline. Target remains 14,650.
Trade closed: target reached
Comment:
It seems they are buying the "dip" in a panic mode. Let em extend this frency and move short again.
Comment:
Between 15180/ 15240 I am going to open my shorts.
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