Daily analysis and day trading setups on DAX Ger30 20220815

Happy Independence Day to all my Indian brothers & sisters,

It is peak of summer vacation in Europe so expect choppy jumpy moves

Macro Nothing of great significance today

Line in the sand for DAX is 13830. A break below will bring some selling. A move above 13870 may start another run.

Buy
Break: 13875, 13955, 13990, 14030
Reversal: 13795, 13715, 13645, 13565

Sell
Break: 13805, 13725, 13650
Reversal: 13970, 14000, 14040, 14120, 14200

Green Goblin levels are here >>>

Fibonacci Confluence levels are here >>>

Trade active:

#Trade 1: Bearish break of the demand zone 1. Entry placed at the top of the box

#ShortTrade 13806
SL 20 pts
TP1: 3:1 (60 pts)✅Stop to entry
TP2: 6:1
TP3: TBD

#EasyPeasy #DayTrade when you #PlanYourTrades & #TradeYourPlan $DAX

Trade closed manually:

Closed the trade after break of previous high and reversal from just above demand zone 2. Still got 1:1 on 2/3rd of the position.

Overall 3:1 on 1/3rd and 1:1 on 2/3rd

Comment:

DAX behaved well with the levels today. Small range due to vacation.