Overall trend is bullish on Daily TF.
On 4h TF, Bullish Hidden Divergence has formed on RSI which indicates strengthening of bullish trend. Remember, Hidden divergences indicate continuation of trend. Therefore, Taking Long trade.
LONG Buy Trade Call
DE40 (GER40)
Entry Buy Limit: 18740
SL: 18640
TP1: 18840
TP2: 18940
On 4h TF, Bullish Hidden Divergence has formed on RSI which indicates strengthening of bullish trend. Remember, Hidden divergences indicate continuation of trend. Therefore, Taking Long trade.
LONG Buy Trade Call
DE40 (GER40)
Entry Buy Limit: 18740
SL: 18640
TP1: 18840
TP2: 18940
Note
Both TPs hit. Even booked profit at 18960. Those who are following me do remember that DE40 is at all time high and may go even further up. If one wants to continue in bullish trend then draw Fib extension to find out expected new all-time high.Anyways, I'm closing this idea on successful trade.
Note
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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.