Currently short from 11690 after the breakout and close Targeting my support zone + TL Where I will be looking to add long positions, as my overall bias for Dax is once again bullish
We have seen the Bears in control for some time on DAX, breaking both the inner and outer Trend lines, signalling strength to the downside. However the Bears failure to reach 10600 indicates that they are exhausted. From the open this morning DAX has smashed back upwards through the Outer Trend line a good signal that the bias has now changed. For me personally I...
The dollar is playing the range very well at the moment, my overall bias for the dollar is bullish. If price breaks to the upside I'm expecting price to reach 12150 - If this is the case the fed will employ fiscal policy measures in order to control the strength of the Dollar.
Price remains trapped in its bearish channel, despite a huge rally today. Expecting further bearish momentum tomorrow unless a deal is struck. Targeting shorts to the Outer TL, where I will then be looking for long positions.
My previous bullish bias was negated by the break of of the TL, I am short from the retest at 11466 target 1 11200, watching price careful, as this is key support, if it breaches I will be targeting the next level at 10600.
Price hit the Primary TL as expected, took a nice short from 11700 catching just over 300 pips. Waiting with anticipation for the open to see where price is, looking for good long position with stops placed under 11400. The current bullish TL hasn't been broken yet since the last major sell off from last year. Indicating it will probably hold once again. Looking...
We are starting to see Dax slowly recover from its selloff from 12.4k. Target 1 which I posted on a previous chart was hit to the T. Currently price is consolidating within the box range, Target 2 still valid only if Inner TL holds. Expecting it will. The primary TL is drawn from the previous years October selloff and represents strong support, if it holds I'm...
Price is currently at R and fib .61.8, expecting price to reach upper channel TL then a drop down to 11200. Strong support at 11200, expecting price to rally up here back to around 12000
Anticipating a possible break of the TL and then price to reach resistance which was previous price support added confluence with the fib level 0.382 target 240 pips
Repost of previous chart
Looking for a pullback to fib level for another short position down to support, nothing indicating EURO strength so won't be taking any long positions on this par for a while
Price has broken wedge indicating weakness
Upper channel has been breached and retested, expecting further upside next week, looking out for reversals only on daily minimum, anything lower I will be looking to long
waiting for a bottom break of the wedge for a short