Today we have the big NFP event again. With US elections coming, more and more signs of a rate hike coming soon, Brexit and other fears in the market (like a potential new banking crisis), today's NFP could push the markets into bear modus. Either if the number beats expectations (225K or more), which means rate hike can be incoming soon, or the number is lower...
With price creating a small pullback after Fridays bullish move we can see that "Dax" is potentially heading towards previous highs at "10700" This trade is a simple intraday move and was triggered due to price action, a break and retest creating higher highs and lows.
30/09/16: Db just had a huge correction forcing Germany or ECB to step in pritty soon. With this burden on an all time low its less to bother about for indices. Sure if db crashes then you can say goodbye to this entire plan, but probably many plans will be garbage then. And does the world really need a new financial crash? I dont think so... We recently had an...
Expecting FDAX (GER30 Index) to range between 10315.0 and 10115.0. Short @ 10315.0 with 20 point Stop and 40-60 point target. Long @ 10115.0 with 20 point Stop and 40-60 point target. The above numbers are for the "Futures" FDAX Dec 2016 contract.
1) BEARISH CHANNEL BREAK 2) New Bullish Channel with strong HH & HL'S 3)MAJOR KEY LEVELS AND RESISTANCE AT 1052 4) Currently holding at a major 4hr support zone & more.. Expecting price to rally back up to 1065 which is also another key level Leave a comment, like and share.
Today's price action suggests that we will visit 1330-1300 area. Happy trading. This is the range until we break lower/higher.