GER40 - Intraday - We look to Sell a break of 13029 (stop at 13101)
Short term momentum is bearish.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
A break of the recent low at 13048 should result in a further move lower.
We look for losses to be extended today.
Our profit targets will be 12861 and 12811
Resistance: 13120 /...
Simple price action analysis based on SR and trendlines.
The price is breaking outside the consolidation channel, targeting two possible resistance areas.
On Monday, BUY trade can be in play, but attention is required for false breaks, because the DE30 is still a down trend.
Best trades will come later next week, SELL from the two resistance areas.
Trade Safe!
Hello Traders!
Possible day scenarios for DAX.
Targets on the chart.
Attention! event -
15.15 Marginal Lending Rate
15.15 Deposit Facility Rate
ECB Interest Rate Decision
Good luck!
Further to my last DAX post:
German industry weakens as high energy prices are leaving their mark on production costs.
German industry is clearly suffering from disrupted supply chains on the back of the war in Ukraine, the aftermath of pre-summer lockdowns in China, low water levels in the main rivers and increasingly, higher energy prices. The statistical...
Germany 30 is currently in a downtrend and has reached the 61.8 zone at resistance. If the daily candle closes as a bearish pin bar, I will be looking to short this pair.
GER40 - Intraday - We look to Buy at 13185 (stop at 13109)
Short term bias has turned positive.
We look to buy dips.
20 4hour EMA is at 13185.
A lower correction is expected.
Our profit targets will be 13368 and 13408
Resistance: 13400 / 13450 / 13500
Support: 13300 / 13200 / 13100
Risk Disclaimer
The trade ideas beyond this page are for informational...
✅DAX is trading in an downtrend
With the pair set to retest
The falling resistance line
From where I think bearish movement will continue
SHORT🔥
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Hello,Traders!
DAX is trading in a downtrend
Below a falling resistance
And now the pair is going up
To retest the falling resistance
From where a local move down is likely
Sell!
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Trade Idea: Selling GER40
Reasoning: Expecting price action to pull lower to fill overnight gap. Hanging man candles on 4-hourly chart. Looking to re-test double bottom neckline break.
Entry Level: 13202.5
Take Profit Level: 13082.5
Stop Loss: 13262.5
Risk/Reward: 2:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading –...
Happy Monday, Happy New Week,
Dax is now negotiating 50 DMA @ 13182. Now we are reaching a major infliction zone from 13300 to 440. The floor is still fragile at 13k
Macro EU ECB De Guindos & Schnabel speeches
Buy
Break: 13 203, 269, 323
Reversal: 13 154, 096, 034, 12 964, 915, 848
Sell
Break: 13 164, 108, 041, 12 974
Reversal: 13 215, 276,...
The ECB (European Central Bank) raised rates in July for the first time in a decade. Today they will raise rates again, and the question is whether it will be by 50 or 75bp. With the Europe likely headed for double digit inflation then the case for a hawkish 75bp hike there. And like they did in the July meeting, ECB policy makers are also likely to express...
