German Index broke correction structure (ABC) on the 4hr time frame, so it's a good opportunity to go short.
Stop Loss above said correction and first target on the trend line of the daily time frame, down below. Then watch it if it breaks the daily trend line, with stop in BE, for a possible movement back to 8500 area. Great R/R.
Trade with care and only with a backtested strategy that works for your trading style.
Please don’t forget to follow us, if you feel that our analyses and views may be a useful complement to your trading strategies.
Thank you for viewing.
Stop Loss above said correction and first target on the trend line of the daily time frame, down below. Then watch it if it breaks the daily trend line, with stop in BE, for a possible movement back to 8500 area. Great R/R.
Trade with care and only with a backtested strategy that works for your trading style.
Please don’t forget to follow us, if you feel that our analyses and views may be a useful complement to your trading strategies.
Thank you for viewing.