Daily analysis and day trading setups on DAX Ger30 20220815
Updated
Happy Independence Day to all my Indian brothers & sisters,
It is peak of summer vacation in Europe so expect choppy jumpy moves
Macro Nothing of great significance today
Line in the sand for DAX is 13830. A break below will bring some selling. A move above 13870 may start another run.
Buy
Break: 13875, 13955, 13990, 14030
Reversal: 13795, 13715, 13645, 13565
Sell
Break: 13805, 13725, 13650
Reversal: 13970, 14000, 14040, 14120, 14200
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
It is peak of summer vacation in Europe so expect choppy jumpy moves
Macro Nothing of great significance today
Line in the sand for DAX is 13830. A break below will bring some selling. A move above 13870 may start another run.
Buy
Break: 13875, 13955, 13990, 14030
Reversal: 13795, 13715, 13645, 13565
Sell
Break: 13805, 13725, 13650
Reversal: 13970, 14000, 14040, 14120, 14200
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Trade active
#Trade 1: Bearish break of the demand zone 1. Entry placed at the top of the box#ShortTrade 13806
SL 20 pts
TP1: 3:1 (60 pts)✅Stop to entry
TP2: 6:1
TP3: TBD
#EasyPeasy #DayTrade when you #PlanYourTrades & #TradeYourPlan
DAXTrade closed manually
Closed the trade after break of previous high and reversal from just above demand zone 2. Still got 1:1 on 2/3rd of the position.Overall 3:1 on 1/3rd and 1:1 on 2/3rd
Note
DAX behaved well with the levels today. Small range due to vacation.
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