Trade Setup
Risk/Reward Ratio: ~2:1
Duration: Intraday
Expires: 23/05/2025 21:00
Technical Overview
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
- Type: Buy Limit
- Entry: 23,850
- Target: 24,550
- Stop Loss: 23,500
Risk/Reward Ratio: ~2:1
Duration: Intraday
Expires: 23/05/2025 21:00
Technical Overview
- The broader trend in DE40 remains bullish, with no clear technical signals suggesting the uptrend is ending.
- A short-term correction is likely, and there is ample room for a pullback that does not invalidate the overall uptrend.
- Buying at 23,850 offers a strong risk/reward entry near key support, avoiding the poor setup of chasing the market at current highs.
- A confirmed move through 24,250 would strengthen bullish conviction, aligning with a measured move target of 24,600.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trade closed: stop reached
TRUMP'D
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.