GERMAN 40 Long Positive Surprises?EU data going to be released:
M3 Money Supply y/y
Private Loans y/y
EU Economic Forecasts
Never the less,technically German 40 is providing very interesting oppurtunity
where the bulls are accumulatiing their positions
Chart:
green arrows: More buys/add to more buying positions
1 profit target,but 7 different entries for aggressive and conservative traders
red-line: Below the red line the strong bearish pressure is starting, where the bulls get bigtroubles.In this case,if the price holds just for a short time below the red zone,but returns back above,it will be a clear sign that the bulls are taking back control.
If not,the bullish trade setup is not valid anymore.
Also it is possible that winning trades should be liquidated immediately,once news catalysts/events cause the market to turn down(market trend change).
In this case I recommand to close immediately the positions, and waiting for new entry signal.
It can also happen, that we have to close the positions, and the price coming back to our origin entry. We can use the stup to enter again,once confirmation aligned with signals(Respecting/Rejecting OF THE RED LINE).
