Hello friends,
On the 4-hour chart of the CAPITALCOM:DE40 pair, my first target is 16,346, and the second target is 16,143.
Best regards,
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Hello Traders!
This is my idea related to GER4 40. I see two resistance levels and I expect a bearish domination, taking into consideration the evolution of previous days, it looks very likely to go bearish.
I will set two targets, the first resistance and the second resistance level. I'm very curious about the move of the GER index this week.
Traders, if you...
We are ranging high with DAX, and watching on smaller timeframe we can see that short-term trendline got broken. Looking higher, 1HR TF has not been reclaimed yet. We can expect a test of this trendline, a broke, a retest and if all plays out a drop. Will keep updated
GER40 - 24h expiry
Price action continues to trade around the all-time highs.
Daily signals for sentiment are at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A higher correction is expected.
A break of the recent low at 16240 should result in a further move lower.
We look to Sell...
GER40 - Intraday - We look to Sell at 14582 (stop at 14677)
We are trading at overbought extremes.
Bespoke resistance is located at 14600.
The hourly chart technicals suggests further upside before the downtrend returns.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Bearish divergence is expected to cap...
After breaking out of the drawn channel (red lines), the price goes down.
I expect further declines.
TP around 13700.
GG
P.S.
This is not financial advice of course, just my idea.
GER40 - Intraday 9pm UK expiry - We look to Sell at 12185 (stop at 12256)
Daily signals are bearish.
Our bespoke support of 12200 has been clearly broken.
Previous support at 12200 now becomes resistance.
Preferred trade is to sell into rallies.
Our profit targets will be 12004 and 11964
Resistance: 12000 / 12100 / 12200
Support: 11900 / 11800 /...
GER40 - Intraday - We look to Sell at 12866 (stop at 12941)
Our short term bias remains negative.
Preferred trade is to sell into rallies.
50 4hour EMA is at 12871.
Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be 12688 and 12648
Resistance: 12700 / 12800 / 12900
Support: 12600 / 12500 / 12400
Risk Disclaimer
The...
GER40 - Intraday - We look to Sell a break of 13029 (stop at 13101)
Short term momentum is bearish.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
A break of the recent low at 13048 should result in a further move lower.
We look for losses to be extended today.
Our profit targets will be 12861 and 12811
Resistance: 13120 /...
GER40 - Intraday - We look to Sell at 13618 (stop at 13681)
Short term momentum is bearish.
Short term bias has turned negative.
Previous support at 13600 now becomes resistance.
20 4hour EMA is at 13640.
Our profit targets will be 13451 and 13421
Resistance: 13600 / 13700 / 13800
Support: 13500 / 13400 / 13300
GER40 - Intraday - We look to Sell at 13397 (stop at 13484)
Daily signals are bearish.
13430 has been pivotal.
13438 has been pivotal.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Our profit targets will be 13171 and 13121
Resistance: 13200 / 13300 / 13400
Support: 13100...
GER40 - Intraday - We look to Sell at 14118 (stop at 14201)
Daily signals are bearish.
50 1day EMA is at 14080.
Bespoke resistance is located at 14100.
Preferred trade is to sell into rallies.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Our profit targets will be 13918...
GER40 - Intraday - We look to Sell at 14149 (stop at 14231)
Daily signals are mildly bearish.
The previous swing high is located at 14162.
14189 has been pivotal.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Our profit targets will be 13941 and 13901
Resistance: 14100 /...
GER40 - Intraday - We look to Sell at 13988 (stop at 14063)
Our short term bias remains negative.
We look for a temporary move higher.
Bespoke resistance is located at 14000.
50 4hour EMA is at 14020.
Our profit targets will be 13801 and 13761
Resistance: 13900 / 14000 / 14100
Support: 13700 / 13600 / 13500
GER40 - Intraday - We look to Sell a break of 14319 (stop at 14401)
Short term bias has turned negative.
A break of yesterdays low would confirm bearish momentum.
A lower correction is expected.
Short term momentum is bearish.
Our profit targets will be 14121 and 14081
Resistance: 14500 / 14600 / 14700
Support: 14250 / 14180 / 14100
GER40 - Intraday - We look to Sell a break of 14319 (stop at 14404)
Daily signals are mildly bearish.
14323 has been pivotal.
A break of the recent low at 14323 should result in a further move lower.
Short term bias has turned negative.
Our profit targets will be 14111 and 14071
Resistance: 14400 / 14500 / 14600
Support: 14300 / 14180 / 14105
