Dax Price Action System 1 - Trade #193 Long @ 10.246,3 Stop Loss @ 10.143,8 Take Profit @ 10.502,5 Risk / Trade 1,03%
Dax Price Action System 1 - Trade #192 Long @ 10.243,8 Stop Loss @ 10.141,4 Take Profit @ 10.499,9 Risk / Trade 1,03%
Dax Price Action System 1 - Trade #191 Short @ 10.163,8 Stop Loss @ 10.245,1 Take Profit @ 9.960,5 Risk / Trade 0,82%
Dax Price Action System 1 - Trade #190 Short @ 10.314,8 Stop Loss @ 10.397,3 Take Profit @ 10.108.5 Risk / Trade 0,84%
Bad forecast on EUR (German retail sales). Selling at supply level.
Ger30 Price Action System go Long. Long @ 10.315,5 Stop Los @ 10.212,3 Take Profit @ 10.573,4 Risk / Trade 1,03%
Now is the last chance to start a long trade in the German Stock Index DAX. (GER30) The ideal Aim would be at arround 10545. A StopLoss could be at arround 9500. It is very important to set this SL!!!!!!! Because if the market goes down, it could go down VERY FAST. Especially if it goes bellow 9500. The last resist would be 9350 bellow this level. Then we could...
Finally could break 50%, that it can´t break before session. Then pullback and go to the next big fibo level. I always wait pullback and enter safety near the break to put the stoploss close the level.
we might see the ear formation again. Maybe Price is hitting his lower ear. Beware if Yellen and Draghi have some more sweets than our dog pattern might jump and we hit the upper band of his ear.
If this right shoulder holds, we could see 6750/7000. If the DAX/EURUSD negative correlation holds and we see EURUSD rally above 1.15 then the DAX should certainly fall to these levels. Trading leveraged products carries a high degree of risk. Not to be taken as investment advice.
Hello Family, DAX has gained even more traction as the buyers kept pilling up and USD creeping up - I see USD shooting to the height of 114.750 within few hours today or by tomorrow the latest. Dax seems to be in a good shape and might hit my second TP @10090 :) finger crossed - but I I recommend a quick TP @ 10027 as well if you will... Notes: pay attention...
Been Looking for a break to upside for last couple of weeks. (17/18 feb) when the downward trend line broke. Now that break has been retested and and the mid channel has been broken with clear intent. Would be looking to but the dips and trade with knowledge that we can get a 60% retrace of last leg down. Many may view this as Head and Shoulders pattern too....
Consumer Confidence measures the level of confidence households have in economic performance. Generally rising consumer confidence acts as a precursor to higher consumer expenditures which drive economic expansion Actual > Forecast = Good for currency Previous: 9.4 Forecast: 9.2
IMO that RED line should hold for another attempt to penetrate the GREEN channel. Its a minimum requirement for ongoing bullish trend and for penetration.