Get started

Dax30

Chart analysis - drawing support and resistance levelsHello traders! Today I have got a video for you describing my way to analyze the chart and draw support and resistance levels. I have taken a look at EUREX:FDAX1! and went from the higher timeframe to the lower ones. The idea is to find the strong levels on higher timeframe and then adjust them on the lower ones according to the latest market activity. I hope you enjoy this video and let me know at the comments what is your way to analyze the chart. Take care. FINEIGHT Team
EUREX:FDAX1!
by Fineight
1
London Watchlist: A high probability of a breakout on the DAX!Hey hey traders and wannabe traders! The London trading session is in full force and the markets are already moving! In the video we explain plenty of info about the Coronavirus and the current developments but don't go into the probabilities much, we did that with our community already! This video is all about our trading tactic/analysis on the DAX! Right now the DAX is showing more excellent signs that a bearish move is probably on the cards in the upcoming 8 hours or so... we remain short here and really believe with strong conviction that the bears will be able to take control with as we have technicals, fundamentals and sentimentals supporting a weaker DAX! On the technical side, the charts explain it all, on the fundamental the German GDP data was bad and the EC (European Commission) downgraded the outlook for the European economy and on the sentimental... well, the Coronavirus! All in all this looks like a pretty decent short positon but like anything in the markets, it's not 100% so make sure you have your exit area! Since the US markets are closed we will not do a New York watchlist later today... so see you tomorrow again for the London open, if we do find any interesting trades to take we will release them if we find the time to do so! Give us a follow and we'll make sure to keep you educated with specific info and solid trade setups!
OANDA:DE30EURShort
by PrimedGroup
Primed Watchlist: expecting strong EUR & DAX and 4 other tradesHey good morning from Limassol! Gorgoeus day ahead of us and we wish you the same! So our watchlist consists of a few pairs, 4 to be exact but we do have 3 active trades... Below are are the necessary details WATCHLIST 23.1.2020 Big ECB day... big EUR moves?! EURCHF: At key support Price action slowly but surely heading down to a key trading level.... this is what we saw with XAGUSD and usually indicates weakness of the momentum holder, in this case the bears. What this shows is a chance of a really strong bull push! CADJPY: Possible bull contraction Im not too keen on taking this but its worth being in the watch list as thats what the watchlist is for... find POSSIBLE trades... watch them, prepare and if they are valid go! Here we have RSI very low... a possible bull contraction at a key support level. AUDJPY: Possible bullish continuation We have a breakout of a medium-term down trend trendline and a test of it happening now... and easy target would be the 120% as it lines up with a key resistance. Really nice day trade (24 hour life value) DAX30: Looking ready for the bulls! A contraction leading to a key level supported with a reversal candle and RSI pretty low
by PrimedGroup