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There is a little bit power in DAX after it will be down, this is my opinion!
I advise to wait till friday that the picture in dax becomes more "clear" After an up like last weeks there is a need for a correction
Dax Price Action System 1 - Trade #191 Short @ 10.163,8 Stop Loss @ 10.245,1 Take Profit @ 9.960,5 Risk / Trade 0,82%
Too much confluence is going on in order for me not to have taken this trade - Weekly res retest for 3rd time with no break through -EMAs looking to cross over shortly -D is the target - Trend resistance also in play -Price action candle shooting star/invert hammer - Weekly and Monthly suggest downtrend also
FX:GER30 Waiting for RSI Bearish Divergence; With a validated double bottom at previous support by a broken neck, the price is facing some pressure at the middle of the ascending channel. Weekly resistance above, price reversal zone at 88%, the Bat is almost completed. Targets: The 38% retracement, and once there, close half position size and move Stops to...
This is just a thought. Usually, closures of gaps happen.
It's not easy to pick the top, but soon it will come some correction down....
I do not know what will eventually happen,But until then, staying the OODA Loop I've tried to take pulse of the chart. The bullish intentions have been made clear. Lets see which setups plays out eventually. Would have been stronger if this close was above the large red candle on left. (off by some 40pips) Hence this keeps the options of deep retrace very...