GER30 reached 61.80% Fibonacci retracement. The graph pointed out two potential targets. At the moment, the more tempted to return to the objective of 38% Fibonacci retracement. Time will tell which direction the market will follow.
Update:Trade is active.
Stop loss closed position.
Potential peak and level of opening short position is calculated from the bottom of 07-08-2014 to the top of 19-09-2014 and the bottom of 15-10-2014 which gives 161.80% Fibonacci retracement.
Time to reach the target level was determined on the basis of previous periods and should not be considered as meeting the...
The second position was closed.
Due to the fact that it is a DT second position will be closed today!
Update: first target hit, moved stop loss to breakeven.
Potential place to halt the decline and rebound.
Is there an opportunity to open a short position? According to me there is a possibility, if the market will want to close the gap and finish an increase of 100% trend-based fib extension (projection on the second picture). We'll see.
Next picture I'm sorry, but it did not work out to save the split screen ... I'm still learning:-).
2 Long position from 16980
TP1 - 17030
TP2 - 17060
The transaction was canceled. Price has not reached the point of entry into the position and also at the end of the trading session in the United States both targets have been achieved.
Definitely no Comment :-)
I move stops to 9546
In the absence of a strong downward movement decided to close one position.
One position closed at 9530
I decide to close the second position.
Position closed at 9536.
Since the market only settled on 9527 first goal was not achieved.
Both positions have been closed.
Profit 16 +10 = 26 pips.