www.varchev.com

JUN3.DE - Short with trend after correction to resistance zone

Varchev Finance - JUN3.DE Long term expectations

Rating:

12345
Loading...

JUN3.DE - Daily

Our expectations: Downward trend price and after correction to key resistance zone. SL: 34.20.

Alternative Scenario: If the price moves above the resistance zone, the negative scenario will break and we will probably see an increase in the value of the shares.

Comment: Following the breakthrough of the main upward trend line (the dotted line), the price goes below 50% Fibonacci correction of the main upward trend, which puts its end. The price is currently testing the resistance zone formed by the old ascending diagonal, the horizontal resistance zone, the upper diagonal of the new downward trend, and 38.2% + 50% (on the old trend) Fibonacci correction. 50 and 200SMA remain in place - the trend remains in place. RSI is between 50 and 70, suggesting that short-term upward pulses are possible. Price Action: The resistance zone is tested twice, the first time a swirling bar is formed, and the second test bears a pin bar.

Positioning: Entry immediately when opening up European markets.


 Trader Petar Milanov

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance

London


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy