Did you follow our DAX short bias call?
Well.. it is going as we expect and it is set to go down lower.
I am watching it to break 11950 regions to get broken down first.
I am standing with BEAR for now and It is going to be FUN.
Price is in the bear trench.
There is no signs of stopping yet, however we should take note of the resistance zone as it provide us a lre trade.
When it consolidates and bear signs is in, it will be a good LRE trade.
Price reached its top boundary on the resistance zone.
Looking at VSA, volume decline as it move lower.
A long would be good if it breaks upwards, otherwise, a bear candle would provide a very LRE trade.
Whether to long or short, depends on the candle.
Price is slowing down as it is now situated in the support zone.
I am looking for a upmove. Unless 0.747 level is broken, bulls will have the chance to attack back
Key support - 0.747
Key Resistance - 0.757