this is a short as in it really near all time high and soon going to break because of global reasoner that are going in the upcoming time.
in a bigger picture it is following a very high push upwards so might as well go for another high records but it closely follows Dow. the new York exchange and hence can be highly volatile due to the pandemic .
overall many...
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.
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...
We are focused on Intraday selling of the DAX for today.
ENTRY 13746.9
TP 13621.75 ( pips 126 / RR 3+ )
SL 13787. 45 ( pips 40 )
Price action is completing a contraction below the 30% of the recent swing from high to low. We have a potential reversal candle on the previous candle and this looks like the best entry indication.
All we need is a breakout of the...
Hey hey traders and wannabe traders!
The London trading session is in full force and the markets are already moving! In the video we explain plenty of info about the Coronavirus and the current developments but don't go into the probabilities much, we did that with our community already! This video is all about our trading tactic/analysis on the DAX!
Right now...
With DAX index breaking the swing low at 11610, this is a good setup for a short trade. I a pullback to 11700 before the index begins its downtrend to around 11300 zone...
The exchange rate is a multi-week intensive decline expected. Nearly 18% down from the current level. This means that the target price of the motion is around 8900 levels. From this level you can start later with a stroke of 40% more significant increase. But you have to wait. Currently, we are looking for short passes in the exchange rate for a few weeks. This...
Dax has broken its legendary support zone a few days back and now it is retracing upwards.
I would wait for the price to a little higher and go short around 13050.
levels to watch 13050. 13100.
