Ger40 Index - The BUY after the sell (1:7 R:R Trade)Last night we sold the GER40 index to earn 4.72% in one trade.
We are now seeing consolidation to buy this pair.
1) It is with the trend.
2) There is a shark pattern
3) H1 divergence is present
As much as it is tempting to go in now, we will wait for the 22,380 level to hit and execute a buy as the pair is short term bearish.
The targe is the high of yesterday.