I believe that They will pull the trigger on Dax on Thursday from 0.5 fibo 11900 region. Probably Covid 19 treatment rumours have been fabricated to manipulate the retail buyers to dump everything triggered witht by the possible bad data on Thursday. Just an idea not a trading advice.
Current structure indicates we have a classic head and shoulder pattern in development and I expect medium term reversal.
DAX has sold off 40% from all time high and we did not have and bigger correction yet.
We have divergence in MACD indicator and possible another bullish triangle pattern in making in right shoulder of bigger H&S pattern.
Ok so the NEw York session is in full swing and I took EURNZD buy for this one... have a small profit already. Below are the details of the trade!
TP 1.69465 with a chance of rising it to 1.69725.
Here we have a contraction leading to a support level, the support levels were tested x3 times in the last 24 hours or so and we are now...