Hello Traders, Today we've been presented with a potential short position that we have currently executed. The idea behind this is that price is in a downtrend and we have been presented with price pulling back to the trend line. Price has rejected the trend line and the 50.0% to 61.8% Fibonacci retracement zone. Our trading plan goes as follows; TP1: Close...
Hy dear Members hope you are earning good by following our analysis. Now we are here to discuss the dollar index. DXY has breaked the main trend line in daily chart and now forming bull flag pattern in H4 timeframe. that mean it has maximum chances that it will touch the price level 94.6 in few days. keep in touch i will update further soon.
Germany DAX 30 - if things unfold slowly... I could imagine that it would develop like this. The temporal extension of the pattern is uncertain. Market time is relative. It can happen faster or slower. Just an idea to share and to check later. No investment advice. Use your own judgment to trade. Stay safe, everyone. ReallyMe
IN my previous analysis on Dax30 I said that although "timid", we can see an H&S reversal pattern for the German Index. A break occurred and the price dropped quickly to reach the 11500 target. In my opinion, we are at the beginning of a medium-term downtrend, and 12k should be very well defended by bears. Sell rallies around this price could be a good strategy...
Hello my friends, Today i spotted a good setup on DAX / GER30 indicies. After marking all the potential support and resistance, i found that price currently on support level. Price go down aggresively since 12600 to 11600. It goes down 1000 pips in just 3 days. We could see price retrace back up to close the gap before continue south. Buy DAX / GER30 at...
LISTEN UP AND LISTEN WELL! THIS IS MY ROAD-MAP FOR DAX TRADING! Sep 2020 - Dec 2020 Prediction I am looking at the stunning reflection on DAX, on what it did in the past. These are called Fractals, self-repetitive patterns. The Fractal is taken from May-Dec 2018 (blue color). As per this Fractal, DAX is gonna hit the 10K mark, in gradual bearish swings....
📍 DAX gaining tempo The previous 2020 macro map, outdated as it may be, contains the overarching manoeuvre which we can now describe as a compounding play. It is as follows: my models started to pick up on the alarm bells towards the back-end of last year, and hinted of DAX making revisiting 10,000. The compounding is going to be of great importance, when we...
In our previous analysis about the key German DAX index we have mentioned about two potential head and shoulders patterns. One is larger than the other. The market has created a strong downward movement and has completed the smaller pattern. The neckline has been broken and retested as a potential resistance. After that the price dropped to the textbook target...
#DAX30 just made a new LL to retracement to another LH to 12830-50 with an option to breakup. Please consider your Levels of S and R. Good Luck
This is the price action and the target for DAX. Disclaimer: This is not financial or investment advice Stay healthy, trade safe. Atilla Yurtseven
Given the rise of uncertainty in Europe and in the world(elections, rise of COVID cases and possible quarantine measures by European countries), we should see a DAX correction coming in the next few weeks. Still, I believe that we will see a one last push to 12800 and maybe even 12935 at the start of the next week before we'll go down in the first few weeks of...
GBPUSD Is trying to go back after Retesting to main Trendline. Now it has maximum Chances that it will touch the Price level 1.27 When Market will Open I Will Update further With Proper Chart TP and SL
In our previous analysis about the German stock index DAX we have mentioned that the market may wait for a large head and shoulders pattern. The resistance where the left and right shoulders seem to be located near the same level. The neckline could be set by the previous lows at 12313. However, looking at the lower time frame we could spot another potential head...
The DAX (GER30) is in a troubled zone of congestion and seemingly fighting to stay afloat. Don't expect it to just roll over swiftly - though anything is possible. We're looking at a sharp rejection of the 2H ATR line. This analysis does not apply to any other time frame. But taking a steer from the 2H, there is money to be made (and lost) on much smaller...