GER40 SHORT SETUPGER40 has broken the intermediate 2H trend line after facing rejection near its ATH.
The market remains bullish but a short term short is on the horizon now.
The 50EMA on the Daily provides strong support to this market. We wait for a Bearish sign on the LTF to enter our shorts our wait for a retest of our intermediate Trend line on the 2H and rejection to enter shorts. With out Target being 19600-19800.