Yesterday's plan worked to almost perfection (www.tradingview.com/...FiUmHi-06112023-DAX/) as it hit my sell limit at exactly 15226 before selling down over 100points. Did not hit my target though before the bounce.
As mentioned yesterday, DAX is somewhat weak and only one I said to look for shorts in and truly, it was much weak even when US indices was somewhat strong.
Overall, yesterday was a small range day and price action is somewhat bearish. Still it might be better to trade later than earlier. IMO if market pulls back to 15170, it would be a level to watch; a rejection could see another move down to 15024/15000. If however, market just goes down from here, 15090 would be a price I am inclined to watch for a long for a move higher.
As mentioned yesterday, DAX is somewhat weak and only one I said to look for shorts in and truly, it was much weak even when US indices was somewhat strong.
Overall, yesterday was a small range day and price action is somewhat bearish. Still it might be better to trade later than earlier. IMO if market pulls back to 15170, it would be a level to watch; a rejection could see another move down to 15024/15000. If however, market just goes down from here, 15090 would be a price I am inclined to watch for a long for a move higher.
Join me for free on Patreon (www.patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan.
DM me to join my new group to learn all my trading levels and to trade together.
DM me to join my new group to learn all my trading levels and to trade together.