GER40: Riding the Bullish Wave - Intraday Long Setup at a Key Support

Market Overview & Trend Analysis

Good morning, KoraFX community! Focusing on the GER40 (DAX 40) today. We're currently seeing the index trading at 22505.58, up 0.47% over the last 24 hours, adding 105.58 points. The overall trend remains decidedly bullish, and as always, the trend is our friend. We've seen a clear upward trajectory, with the daily range stretching from 22347.21 to 22663.95, indicating healthy volatility and upward momentum. This consistent bullish sentiment across European markets, supported by optimistic economic outlooks, provides a solid fundamental backdrop for continued upside.

Intraday Setup: Long Opportunity

Given the prevailing bullish trend, I'm looking for a long setup on the GER40 for an intraday trade. My entry point is set at 22455. This level is particularly interesting as it's just above the significant intraday support at 22450, and also not far from the 2240