GER40 Buy a break setup.
Updated
GER40 - Intraday - We look to Buy a break of 14251 (stop at 14177)
Short term momentum is bullish.
A break of yesterdays high would confirm bullish momentum.
20 1day EMA is at 14224.
Morning dips were bought into in front of yesterday's support level (14000) and follow through bullish momentum resulted in all the initial down move being overturned.
Our profit targets will be 14444 and 14484
Resistance: 14250 / 14320 / 14400
Support: 14150 / 14080 / 14030
Short term momentum is bullish.
A break of yesterdays high would confirm bullish momentum.
20 1day EMA is at 14224.
Morning dips were bought into in front of yesterday's support level (14000) and follow through bullish momentum resulted in all the initial down move being overturned.
Our profit targets will be 14444 and 14484
Resistance: 14250 / 14320 / 14400
Support: 14150 / 14080 / 14030
Trade closed: target reached
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