Short DAX

FX:GER30   DAX Index
233 7 8
Watch out for negative divergence. Oversold RSI and strong resistance at this level. Weak fundamentals.
Will post update when price reaches action point.
Comment: I really should have waited for the resistance first I could've been much safer and maximised profits.. Still holding.
Trade closed: stop reached
I have done with market almost the same time.
+1 Reply
I must have underestimated the fundamentals and all the stimulus programs.
moashiman faris.makki
Total short squeeze!
The daily downtrend since April 2015 has been smashed!
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won't last for long though I'm sure of that at least. Just disappointed with my last two trades I'll sit on the sidelines for now and gather more info without bias. You closed?
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moashiman faris.makki
Shit happens. Luckily I closed my short today before it crossed 10500. I am so happy about that! I saw bull flags on several indices about breaking out.
Better to wait for new opportunities. But this might turn the market into a bullish one. But it's kind of crazy cause it looks so overbought.
+1 Reply
Nice one I'm happy to hear that. No worries we know the big wave down is coming, this only means we'll get it from a higher point
I am short since last Friday. My stop is at 10600. It's clearly overbought on RSI. The MACD crossed back down too.
Good luck!
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