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RobertSoos
25 juin 2019 13:04

German stocks - short on lack of fundamental & monetary fuel Short

Germany 30OANDA

Description

Fundamentals:

- German industrial production declining (-1.8%)
- IFO business climate continuous decline from 105 to below 97 points in a year
- ECB program and rate cut insufficient support for economy

Technical:

- Daily double top formation
- 38.2 Fib level as TP1

Trade:
- Enter trade with SL above recent high
Plus