German Stock Index (11,340 will be one tough resistant)
Updated View On German Index (4 Feb 2018)
It is proven that 11,340 will be a strong resistant.
As long as the price is above 11,100, the price shall retest the resistant again.
But in order to break out the resistant of 11,340, we will need a strong breakout candle to appear and I do not think it will happen anytime soon.
DYODD, all the best and read the disclaimer too.
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Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
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DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
It is proven that 11,340 will be a strong resistant.
As long as the price is above 11,100, the price shall retest the resistant again.
But in order to break out the resistant of 11,340, we will need a strong breakout candle to appear and I do not think it will happen anytime soon.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Comment:
Updated View On German Stock Index (8 Feb 2019)
Nice sell down we had after hitting resistant of 11,340.
I expect the bearishness momentum to carry forward for now and it can retest 10,875.
Nice sell down we had after hitting resistant of 11,340.
I expect the bearishness momentum to carry forward for now and it can retest 10,875.
Trade closed: target reached:
Updated View On German Stock Index (11 Feb 2019)
Our expected sell side TP hit.
Our expected sell side TP hit.
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11,340 level TP is hit and it is resisting as expected.
It may pull back for a while but I am expecting it will come back UP stronger.
It will use 11,000 as good support.