NOJ.DE D1 Our expectations:
The short trend is questionable once the movement emerges from the price channel. Breakthrough and successful test of the 200SMA provide a good opportunity long positions with a close Stop loss.
Indicators:
Test of 38.2 Fibonacci.
Price below 50SMA and 200SMA.
DeMarker in neutral teritory
SL: 35
Alternative Scenario: If the price return again in the bearish Trend Channel, the short trend most likely will continue.
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