We may have some resistance here around @113.5, but I'm seeing more up move for this pair.
The real difficult levels for this bullish movement would start above @114.5 and all the way to @118.00, where the weekly 61.8 Fib as well as three major monthly trend lines and monthly moving average are intersecting ...
In case of further fall, i have opened a small short position with SL breakeven, (low probability call)
The main short pending orders are waiting in the upper shorting area on the chart, same strategy, divide orders and spread them between @1.044 and @1.066
A little bit late in posting that chart, but if the calculations are right, then the price could go furter up to the levels on the chart before falling
-Pending short orders are already set, using same strategy by diviing the normal short size in many orders and spreading them in the area between @82.4 to @85.1, ...
Price is struggeling on the green line, double bottom.
Breaking the @0.74 must be impulsive, so an impulse in the other direction downside is also possible to the lower green line before taking of to the upside.
-I was loooking at the DAX weekly chart from 1995 to 2016 when I found these trendlines for the main highs, lows and the major turning points.
-Most of the lines intersecting @ 13500's level, in the second half of 2019, this level is also the upper trend line of the weekly channel (the white dashed lines).
-Updating the Short Plan, long the impulse to break above @0.74 .
-Targets between @0.755 to @0.77, the large shorting orders should also be waiting there.
-If you have opened Shorts from @0.74 level then you dont need to set a stop loss for your long order
-Short is the plan , so long small, and short large in the ...
Thats my look on the weekly chart on the DAX, Both structures in the two green rectangels may be similar.
*This is not elliott wave count, its just my way to lable the structure. Line thickness indicate thier possibility.
-It looks like that DAx may be doing this now, ofcourse ther will be some corrections on the ...