DAX long after a significant breakout from range #DAX #TRADING
Unless it comes back to the gray zone, price turns in the direction of the daily long trend.
First target is the size of the zone, second and third are FIBO levels, and there is also the zone around the all time high as a significant
zone.
This is a good opportunity to trade with the daily long trend.
Also, according to the IG client sentiment report, 71% of the retail traders are short...
What do you think? Do you agree or not?
First target is the size of the zone, second and third are FIBO levels, and there is also the zone around the all time high as a significant
zone.
This is a good opportunity to trade with the daily long trend.
Also, according to the IG client sentiment report, 71% of the retail traders are short...
What do you think? Do you agree or not?
Comment:
Market came back to the top of the gray zone, so now it's worth to watch out for a turn to the upside. If it closes below the green zone on H4, idea becomes invalid.