This 1H chart confirms my idea on the daily chart.
OANDA:DE30EUR Sell after 4 hour candle close below 12186 TP-11700 SL-12280
1. Broke through rising wedge 2. RSI Bearish Divergence 3. Good RR. **Wait for retracement to zone.
As you can see there is not much to say right now because of the impulsive wave.. We could have catched the breakout from my last DAX anlyse for 230 points/pips, but I've missed it..
This is my point of view for the DAX now. As i'm a student i don't have alot of time to check the chart. If I am able to watch the chart when it is in the sell zone that is mentioned in the title, I will upload an idea from that point with entry points and take profits. DAX is in a downtrend now, if the trade goes well we can make alot of points out of this trade.
4HR The market seems still bearish on daily we see a good pullback i believe we gonna touch the CTL and going back to the weekly support zone at 10800
HST formation is on it's way.. Target price and one of the strongest support line is shared on graph. Good luck !
4HR Dax is very weak the lat couple day and weeks. i enter short on this trade with a minimal risk, the possible target is the weeky support zone MA's are psychological resistance price seems still bearish.
Good Morning Traders. Daxi With great force, but not for long. We will watch for short entry sooner then later. watch the EURO. when it turns thats Bearish signal for DAXI. Drive Safe.
Seems like DAX won't be able to break through this resistance level. Maybe time for a short. Waiting for a 4 Hour close
Green Area buy region once rejection is seen. Will be adding long in green zone. Risk to reqard not decided yet. Will keep post later, once prices are near the green zone. Trade with care.
Dax30 short daily tend channel to 12.274
there is a bearish engulfing pattern on the DAX 4H chart. It looks like we might have hit a stronger resistance area than expected. Beware of the daily pinbar, as well.
I am looking for a potential short on DAX. It looks like there is a rejection by the imminent resistance area. Looking forward to the closes support area for first target.
Possible short in Ger30, Dax30 index, D1 Doji. Target 11.410 Pkt.
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