As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
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We can see the recent resistance has been broken and currently waiting for a retest to confirm the support level. only place long trade if we can see rejections or low test candle closed above the new support level.
Price broke the downtrend line on the daily tine frame with great buying momentum to the upside. As you can see market structure had been broken! In order to validate for a new trend to the upside, price created a higher low and is retesting that area . There is a possibility of a bullish flag forming, with that said look for long term buys!
First off is the Nikkei 225. We had a break out earlier today which also confirmed a head and shoulders bottoming pattern. The lower high and lower lows began to exhaust. We are now awaiting for our first higher low swing here to confirm this uptrend.
Second is the German Dax. We had our breakout, and are now approaching...