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Sejdr
Oct 12, 2019 4:01 PM

DAX short  Short

Germany 30OANDA

Description

When Monday comes and the market realizes that the "Trade deal" is less of a deal and more of a soft touch and window dressing there could come a reaction and the markets that rose sharpest will see a correction.

Looking at the 4h chart on the DAX we see it has entered oversold territory on the RSI and the pinbar suggest that the break above the bearish trendline is a fake out.
You could go for a short trade as in more of a corrective move or for the long trade down toward support.

Trade active

Not the move I expected today, but still a valid trade. I guess no one makes a move in DAX until the German data is presented tomorrow.

Trade closed manually

Closed at break even before German data release.
Comments
Sejdr
Watch out as there are heavy German data coming out today.
Thienos
I am in the same trade. Also expected a bit more momentum. I don't like that, but let's see.
Thienos
I was exactly thinking the same thing here. Watch the opening action, but this could be a great short here.
Sejdr
@Thienos, For sure :)
"Trading - the job where you actually look forward to Monday morning" :D
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