Well on my second post, I did say that some of the posts I will be posting will involve other posts with trades that have already with a trade running since I'm new in the block. So with the market failing to break the last low(daily, weekly TF), it tells me that it is not ready yet to finish it consolidation or buying. Planning to enter another buy if it respects...
Germany 30 trading near the support zone. Afer Powell speech the stock market have sell of now we are expecting Germany 30 to retest the following support Zone then continue going up.
The reason for the collapse of the EUR was the collapse of the DE30. It created a consolidation zone for months. The demand in the consolidation zone was broken, confirming the post-distribution status. Now that demand has become a supply, I expect prices to fall again
I see a buy ... price has broken out . Following the talks of Russia price continues bullish in this 4 hour. Gold still look weak...I am expecting to see some major sells from Thursday and Friday following the new moon , April's fool day and nfp.
Thoughts?
TVC:DE30 DE230
What a great market for the neew week, theis is a strong selling confirmation in the market with double support,
(SELL HIGHTER to 497 below)
Price is in channel now, may will do fake breakout downward to form double bottom (W) reversal and bouncing off the trendline is where i have my buy limit with low risk. You can clearly see price is in channel and repsecting the trends.
This trade isnt 100% accurate which is why i am trading with low risk.
