Technical analysis GER.30 for 17.05.2022
17.05.2022 18:13
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the top of the cloud. The closest resistance is the level 14295
Key levels
- 14555, 14295, 14095, 13940, 13790, 13565, 13345
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 14095, with Take Profit of 13940 and Stop Loss of 14175
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 14295, with Take Profit of 14555 and Stop Loss of 14095
Scenario
Recommendation
SELL STOP
Entry Point
14095
Take Profit
13940
Stop Loss
14175
Key Levels
14555, 14295, 14095, 13940, 13790, 13565, 13345
Alternative scenario
Recommendation
BUY STOP
Entry Point
14295
Take Profit
14555
Stop Loss
14095