GER40 Bullish Momentum: Targeting New Highs on Intraday Strength

GER40 Market Overview: Trend is Our Friend

Good morning, KoraFX community. Jiwon Jung here with an intraday setup on the GER40. Currently, the market is trading at 22476.44, up a solid 76.44 points (0.34%) over the last 24 hours. My analysis confirms a clear bullish trend is in play, and as we all know, "the trend is your friend." Price action has been robust, maintaining above key intraday support levels, indicating strong buying interest. The daily range from 22361.78 to 22591.11 shows clear upward momentum, with dips being bought up quickly. This resilience near the lower end of the day range is a critical technical signal for me.

Technical Analysis & Entry Rationale

From a technical perspective, the data is compelling for a long position. We've seen significant support holding firm around the 22450 and 22400 levels, with the day's low at 22361.78 acting as a robust floor. My entry point for this