Buying DE40 at support.

GER40 - 11h expiry - We look to Buy at 12761 (stop at 12677)

Our short term bias remains positive.
Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
A lower correction is expected.
Bespoke support is located at 12750.
We look to buy dips.
50 1 day EMA is at 12750.

Our profit targets will be 12978 and 13018

Resistance: 13026 / 13100 / 13200
Support: 12900 / 12800 / 12750

Risk Disclaimer

The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

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DE40de40signalsger40ger40longoandasignalsignalsSupport and Resistancetradeidea

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