DE30EUR 2021 Feb 22 Week (intraday)

20 thg 2, 2021

DE30EUR

DE30EUR 2021 Feb 22 Week (intraday)
Green/Red zones = preferred entry zone

Since price is in a rotation zone between 13825 - 14190, let's see if this is distribution in progress.

Daily chart shows last bar closing higher than 2nd last bar, and close is above middle of bar shows some demand there.

Scenario1:
H1 shows higher lows. Let's see if it will test 14070 or resistance.

Scenario2:
Market is unable to sustain the H1 uptrend and goes for the immediate support.

Trade with care.

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Have a good week ahead.