This is the second time we go long on the DAX today. The first one was a London open 2m clap long that earned us a quick 750eur, pays the bills ;)
This one however looks to be a better setup for the NYC session, we have 3 sets of TP listed and we might close out an any given level.
RSI is in the lows, the 10m chart has a contraction leading to the 30% level and...
DAX index is often following in the footsteps of the Dow Jones index.
The chart shows my previous analysis. Those analysis still stand
today. One that is trading the DAX index must always keep an eye
on the Dow Jones Index. I hope this will help.
This is a trade idea for the German Dax market. Price this morning has reacted off yesterday's high thus confirming the double top reversal.
My trade idea is now enter a position long on a breakout of this pattern with my entry price above the pivot level as marked on the chart.
I'm looking for a clear breakout of this level and a strong push up back into the...
GER30 is Bullish - We look to Buy at 12750
▪️ Trading within a Bullish Channel formation.
▪️ The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing.
▪️ Bespoke support is located at 12750.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 12750,...
This mornings Dax trade idea is a Short, based on a simple Double Top from yesterdays high marked in blue, with a profit target at just above the Daily R1 Pivot, with 25% left to run back to the Daily Pivot.
Its a set and leave trade.
Entry Short 12670
Target 1 12625 at 75% Take Profit
Trailing Profit 25%
Have a great day.
Dax is in a ranging market at the moment, We can see that clearly, depending on how this market moves we could see a breakout above the top resistance or we could see a continuation of the range. If it breaks out i will wait for a retest tomorrow, if it doesn't i will be looking to short depending on price action.
The stock market has been pumping and with things coming back to normal, we are going to likely be climbing back up to pre-covid19 levels, but nobody knows this for sure, so I find marking key levels of support and resistance helps me keep track of my bias so can take trades accordingly.
Once the levels are nailed down the execution becomes the next...
In my analysis that I published earlier, I frequently emphasized the possibility of seeing a strong sales wave in the markets on a global scale, in this context, I think that there can be a structure in #DAX index as I mentioned in the chart..
The chart is weekly, it should be followed in the long run; Price movements in time may not correspond exactly as I...