GER40 - Intraday - Short term oscillators have turned negative. The trend of higher intraday lows has also been broken. The sequence for trading is lower lows and highs. Preferred trade is to sell into rallies. 50 4hour EMA is at 15242. We look to Sell at 15229 (stop at 15329) Our profit targets will be 14979 and 14939 Resistance: 15000 / 15120 /...
Shorting $DAX from 15,000 technically looks a good price, target is 14500. Scholz will announce tanks delivery to Ukraine today, Russia's response will certainly hit Germany's energy sector for punishment.
After yesterday's move, should we expect price to drive through out target? Let's find out. Kindly use proper risk management. Like, follow and share my posts. Live trading sessions at 8:45AM EST (mon-fri). Kings
German index (DAX30, DE30, DER30) May take a dip sooner than we expect. PPPDirhams. Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment.. OANDA:DE30EUR
OANDA:DE30EUR As usual use a tight SL if you want to adapt my idea. Market is gonna retest the breakout area. That your snipper right there. Happy Pips, PPPDirhams
This post is just for information purposes. Entries signal after confirmation.
Divergence at 4H Macd, Harmonic Cypher, Retest of the previously broken trendline, supply-demand zone reach all together provide a good sell opportunity. Could be sold at the reach of 0.786 of the cypher, it tested the supply zone, so now or/and for more conservatives break of the current trendline...
Could be the first signs of exhaustion, I don't expect a huge reversal. But a normal retrace :)
the last short position on this index ... End Of B of B