Daily analysis and trade setups on DAX Ger30 20220810
Updated
Happy Midweek, Happy CPI Day,
As mentioned in yesterday's analysis, DAX not being able to hold above 13680 was ominous
Now a sustained move below 13440, break of 13300 will open it up to 12920. Will it happen today, we will see
It still has chance to gain back above 13680
13530 is the line in the sand today
Macro: DE HICP, US CPI
Buy
Break: 13550, 13630, 13685, 13740
Reversal: 13450, 13390, 13350, 13280, 13220
Sell
Break: 13460, 13400, 13370, 13300
Reversal: 13645, 13690, 13750, 13810, 13840
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
As mentioned in yesterday's analysis, DAX not being able to hold above 13680 was ominous
Now a sustained move below 13440, break of 13300 will open it up to 12920. Will it happen today, we will see
It still has chance to gain back above 13680
13530 is the line in the sand today
Macro: DE HICP, US CPI
Buy
Break: 13550, 13630, 13685, 13740
Reversal: 13450, 13390, 13350, 13280, 13220
Sell
Break: 13460, 13400, 13370, 13300
Reversal: 13645, 13690, 13750, 13810, 13840
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Trade closed: target reached
#WinningWednesday #TradingPlan worked perfectly4 #trade #setups - 3 taken
113 + 146 + 60 = 319 pts (+ 60 missed)
DAX #DayTrading #TradingTips
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