The GER40 is currently retesting a significant support zone following a clear breakout. The ongoing pullback is testing the 0.382 Fibonacci retracement level, aligned with a key trend line, providing additional confluence for a bullish outlook. Furthermore, the absence of any bearish divergence strengthens the case for a potential upward move.
Trade active
Good entryNote
Move SL to Breakeven
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.