GER30 - 4H - Bigger picture breakout

FX:GER30   DAX Index
244 0 4
Last two weeks we saw the breakout long from a 5 wave down trendchannel. im looking for breakouts long now if we can find some confirmation into this week.

i might also trade shorts/longs inside the consolidation on lower timeframes. this is after all just the bigger picture
Comment: Due to the recent retracment (up) we dont have to wait for the break of the consolidation to get long but maybe can get in early with this bat pattern. ofc if this plays out right, i will always look for further longs as we hopefully push higher from there. but lets first see what happens
Comment: im currently looking abit of an exhibition trade with good riskreward (6:1) for the bat completion
if it breaks the candles lows i will be selling with stops tight above this recent consolidation-ish zone

if it spike up from here, then i wont trade
Order cancelled: spiked higher
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out