You can Buy between 11550 - 11590 (risk max. 3%)
TP 11650
SL 11528
You can Sell @11615 (risk max. 1%)
TP 11550
SL 11635
and
You can Sell @11680 (risk max. 3%)
TP 11550
SL 11725
I will open 2 Buy positions:
Position 1 @11560-11590 (max risk -3%)
TP 11650
SL 11545
Position 2 @ 11550 (max risk -3%)
TP 11700
SL 11545
I will open 2 Sell positions:
Position 1 @11615 (max risk -1%)
TP 11545
SL 11635
Position 2 @11680 (max risk -3%)
TP 11545
SL 11705
I wish you a successful Trading Day/Week :)
DAX Index just hit the 78.6 Fibonacci Retracement, so I'm expecting a big down move.
Stop loss can be put just over the previous high and Take Profit at 50 level.
I post everyday my positions. Feel free to contact me.
Dax will reach 11700 till 2017-01-23 !
My Trade Plan for 2017-01-19 - 2017-01-23
Buy @11580 (+70/-58)
TP 11650
SL 11522
Buy @11580 (+120/-58)
TP 11700
SL 11522
My Trade Plan for 2017-01-19 - 2017-05-05 LONG TIME
Buy @11550 (+650/-319)
TP 12200
SL 11230
Fundamentally: the Eurozone is politically unstable. Debt is rising. The Euro may bottom soon if Draghi tapers QE. Rising US interest rates will put downward pressure on global equity markets.
Technically: there are multiple divergences on the 4H chart towards 11600.
Target: 11000, 10500, 10000
Storm coming to the global market
In the United States began an information war
But global forces want to save the US economy, they sacrifice the European economy
Problems at Deutsche Bank.
And of course the media will blame the Mr. Putin
In technical analysis working with fibonacci levels + RSI
The bulls are in at the moment but i don't see price breaking 10800 anytime soon. Price is in consolidation at the moment but i do see price retracing back to 10500.
Just placed a buy on this one. It's pulled back to a 0.618 retrace level as shown on the 60min chart and RSI is oversold at 21. Looking for targets at 0.618 bull retrace. Stops just below the 0.618.
