GER40 To buy a dip. Long

German 40 IndexPepperstone

Description

⋅ Jun 6, 2022 6:45 AM

GER40 - Intraday - We look to Buy at 14401 (stop at 14319)

Daily signals are mildly bullish.
Our short term bias remains positive.
50 4hour EMA is at 14383.
We look to buy dips.
Price action has formed a bullish ascending triangle
formation.

Our profit targets will be 14598 and 14638

Resistance: 14600 / 14640 / 14700
Support: 14500 / 14400 / 14300