MaryJane
Short

TP1 reached + 233 points

FX:GER30   DAX index of German listed shares
230 1 12
Next TPs are
TP2: 10.088
TP3: 10.024
TP4: 9.940

Actual SL = 10.220 (+169 Points save)

Announced Box-Trade:
Dax             caught in the Box again! Position filled!
Dax caught in the Box again!  Position filled!

We have seen a classical false breakout...!

Former Analysis is abudantly valid!

Dax             caught in the Box!
Dax caught in the Box!

We see a sideways tradingbox between 9.900-10.400 (blue). Now we nearly have reached the upper edge of the box. The RSI is signalizing an overbought shortterm Situation.
This upper edge is a trading Level and the Level to watch!
For scalpers, shorting the upper edge and buying the bottom edge makes sense. (In the Chart you see a possible anticyclical short Position)

Trading possibilities:
Prices above the box will generate a TP at 10.650 --> Stop Buy @ 10.417
Prices below the box will generate a Target @ 9.400 --> Stopp Sell @ 9.875
Fixing the upper edge @ 10.380 will generate a shortterm target @ the box bottom @ 9.900

Related Ideas

MaryJane
a year ago
snapshot
sl adjustment
Reply
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