DE30EUR 2021 Feb 08 Week

7 feb 2021

DE30EUR

DE30EUR 2021 Feb 08 Week (Intraday)
Green/Red zones = preferred entry zone

D1 chart showing weakness
- shortening of thrust observed
- price advancing on decreasing volume

H4 chart similarly showing price advancing on diminishing volume
Also note the narrow range bars as it approaches the high.

if price forces through resistance and show rejection, it will be good opportunity to short.

Else just ride the channel

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Have a safe and profitable trading week ahead.