This is not a low volume pocket, it's a low volume black hole! But rather than having its own gravitational pull and acting like a vacuum, it's repelling price like opposing magnets. I think it highlights the zone that price will likely find, if/when it breaks.
Anticipated exhaustion levels for today are:-
Short @ 10632.0; Stop: 200 points, Target: 600 points or >
Long @ 10480.0; Stop: 200 points, Target: 600 points or >
Use your own entry strategy for Longs with target set for 10632.0 and for shorts down into 10480.0
These are today's intraday "scalping" levels for the CFD DE30EUR. Adjust levels for FDAX to allow for broker's spreads.
LONG @ 10467.3
SHORT @ 10635.5
Stop: 200 points
Target: 600 points
Short from 10570.0 was stopped out for a loss. Anticipating 10645.0 to hold for another shorting opportunity.
Trade #2 - Short @ 10645.0; Stop: 200 points, Target: 400-600 points.
These Levels mark the anticipated extremities of intraday price movement.This is a Counter-Trend trading strategy.
Long @ 10422.0; Stop: 200 points, Target: 400-600 points.
Short @ 10570.0; Stop: 200 points, Target: 400-600 points.
This is an intraday "counter-trend" strategy. Expecting price to range between 10455.0 and 10635.0.
I normally send out FDAX levels but will try them on the CFD, DE30EUR.
Long @ 10475.0; Stop: 200; Target: 500 - 750.
Short @ 10635.0; Stop: 200; Target: 500 - 750.
