GER40 Intraday Short: Riding the Bearish Momentum Down to Key Targets

Morning KoraFX community! Ava Anderson here from Melbourne, looking at an interesting intraday setup on the GER40. As a data-driven trader, I always start by acknowledging the prevailing trend, and "the trend is your friend" has never been truer for the DAX. We're clearly in a bearish environment, with the GER40 currently sitting at 22316.81, down -0.37% over the last 24 hours. This downward momentum is exactly what we're looking to capitalize on.

Technical Alignment & Entry Rationale

My analysis for an intraday short on the GER40 is based on a strong confluence of technical factors. We’ve seen the market attempting to rally, but it's met stiff resistance. The daily range has been between 22192.01 and 22441.6, and price action has shown weakness as it approached the upper end of that range. Specifically, I'm eyeing a short entry at 22357. This level sits just below the minor resistance at 22400 and the more significant resistance at 22441.6, suggesting a retest failure of this zone before continuation lower. The bearish momentum, indicated by the recent