After forming a double bottom, Dax broke a down trend line and also it made a break of structure and now retesting that area of value.
Also price is hovering above the clouds.4:1 R/R on Dax: Long
*Price retesting trendline (b) and it seems like it is acting as a support.
*Price closed above trendlines (a)&(b)
*Price closed above 200 EMA (purple)
*Speaking of EMA:
20 Red
50 Green
100 Turqoise
200 purple
EMAs are perfectely and respectively aligned.(Looking back in time, When 20,50,100,150 & 200 EMA aligned, noticable moves were made).
N.B: The 150 EMA is...
Price retesting Support of the formed descending triangle to see if it acts as resistnace, in the same time we see a confluence between this line and the down trendline starting from august 20.
Price below ichimoku clouds.
This trade might not go well, but I am selling in an area of value!
20,50,100,150,200 EMA aligned perfectly.
Price Retesting Previous trendline.
Looking back on the chart, most of the times, when these 5 ema aligns perfectly, noticable moves were made.
* The higher demand on gold after it breakout might give the Kiwi a little push*
Most Indicators show that GBPCHF is favoring the sellers, but from a pure techincal view( only chart and chart patterns, no indicators) I can see a Big Chance For this pair to bounce and hit some big profits.
