Daily analysis & day trading setups - DAX DAX30 DE30EUR 20220825
Updated
Happy Friday,
Are you ready to rock & roll!!!???
Today may turn out to be when either bulls or bears finally find their way. The tug of war may end today with JP's speech at JH Symposium at 3 pm London time.
DAX30 is hanging on to dear life at 13300. Bulls need to move above 13360 creating HL/HH. If DAX40 moves there, watch out for strong reaction at 13440. On the downside, 50 DMA are of 215 to 230 is still in play.
Macro US Core PCE, PI/PS, Power Speech, Michigan Cons. Sent. Index
Buy
Break: 13 340, 370, 445, 520
Reversal: 295, 260, 210, 180, 110
Sell
Break: 13 295, 250, 215, 160
Reversal: 13 375, 425, 465, 515, 550, 620
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Are you ready to rock & roll!!!???
Today may turn out to be when either bulls or bears finally find their way. The tug of war may end today with JP's speech at JH Symposium at 3 pm London time.
DAX30 is hanging on to dear life at 13300. Bulls need to move above 13360 creating HL/HH. If DAX40 moves there, watch out for strong reaction at 13440. On the downside, 50 DMA are of 215 to 230 is still in play.
Macro US Core PCE, PI/PS, Power Speech, Michigan Cons. Sent. Index
Buy
Break: 13 340, 370, 445, 520
Reversal: 295, 260, 210, 180, 110
Sell
Break: 13 295, 250, 215, 160
Reversal: 13 375, 425, 465, 515, 550, 620
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Trade active
Trade 1: Fib confluence level F - Top of red zoneShort Trade 13369
SL 20 pts
TP1 3:1✅60 pts
TP2 5:1✅100 pts
TP3 7:1 pending
Trade closed: target reached
This trade would have given the usual 3:1, 6:1 & 9:1 but I am content with 3:1, 5:1 & 7:1➡️ 300 pts on 3 positions
➡️ 100 pts per position with 20 pts risk
➡️ 5:1 reward - 5X - 5R
#TradeLessEarnMore
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