The Nederlands 25 Index is in a classic uptrend on the daily and lower timeframes. Price could retrace lower on the 553.671 upper resistance and then further bounce on the 544.339 support level. This asset could be trade on confluence with the upward trendline or at the 544.339 support level.
Perfect example of Support becomes Resistance.
Price bounced of nicely from the FIB level 61.80% with a bearish engulfing candle.
TP: Near 535.00 level
SL: above 555.000
I will update the FUNDEMENTALS soon . (working on it) but lets wait and watch for the buy point.
And soon i will update you if the fundemental is going with the TA.
OANDA:NL25EUR. Looking for a break of de falling pennant to the up side, take de entrie if all conditons are met. so,
stoch croosed up, heikin ashi green and a bullish candlepattern.
im going long OANDA:NL25EUR because price has hit de bottom of te rising channel. the k line has crossed de d line up on stoch and heikin ashi has turned green.
-Will look to actively allocate, on the condition that the price remains above the yellow trend line(first one)
-Similar setups can be observed on OANDA:DE30EUR and OANDA:FR40EUR
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![NL25EUR: [symbol="OANDA:NL25EUR"]OANDA:NL25EUR[/symbol] short term down.](https://s3.tradingview.com/n/nZaIrE0W_mid.png "[symbol=\"OANDA:NL25EUR\"]OANDA:NL25EUR[/symbol] short term down.")
