Daily analysis and day trading setups on DAX Ger30 20220812
Updated
Happy Friday,
Bulls are trying to reach for 14k handle while bears are barely holding their shorts (full on pun intended)
Line in the sand for DAX today is 13580
Macro EU Industrial Production, GB GDP Estimate, US Michigan Cons. Sentiment Index
Buy
Break: 13690, 13760, 13830
Reversal: 13660, 13580, 13520, 13430
Sell
Break: 13670, 13600, 13530, 13430
Reversal: 13710, 13770, 13840, 13870, 13940, 14k
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Bulls are trying to reach for 14k handle while bears are barely holding their shorts (full on pun intended)
Line in the sand for DAX today is 13580
Macro EU Industrial Production, GB GDP Estimate, US Michigan Cons. Sentiment Index
Buy
Break: 13690, 13760, 13830
Reversal: 13660, 13580, 13520, 13430
Sell
Break: 13670, 13600, 13530, 13430
Reversal: 13710, 13770, 13840, 13870, 13940, 14k
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Trade active
#Trade 1: Bullish b/o from red zone 0. Entry placed at the bottom of the box#EasyPeasy aka #TextBookTrade
#LongTrade: 13693
SL 20 pts
TP1: 3:1✅Stop to entry
TP2: 6:1
TP3: TBD
#WinningFriday #PlanYourTrade #TradeYourPlan
Note
There is a reason why I have my levels where they are and why price almost always retraces immediately after hitting my TPs.#Trade 1: Update TP2 done
#LongTrade: 13693
SL 20 pts
TP1: 3:1✅
TP2: 6:1✅Stop to 3:1
TP3: 9:1
If you #TrustThePlan & #TradeYourPlan, this is the result
#WinningFriday #PlanYourTrade #TradeYourPlan #Daytrader
Trade closed: target reached
DAX truly tested my patience today. But I always believe in #PlanYourTrades & #TradeYourPlan so let it run.#Trade 1: TP3 done >> 180 pts
#LongTrade: 13693
SL 20 pts
TP1: 3:1✅
TP2: 6:1✅
TP3: 9:1✅
Note
Today's trading plan turned out be a great success. One single trade with 180 pts on final TP.A great winning week.
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