German Dax Long H4 Play
Trade Setup Overview
Entry Price: 21,536.37
Target Price: 22,264.79
Stop Loss: 21,293.57
Risk-Reward Ratio: 1:3
Trade Type: Buy Limit Order
Technical Indicators Analysis
Moving Averages
Price action shows strong bullish momentum with price maintaining position above the 200 EMA
Notable clean rejection of the 50 EMA, indicating potential continuation of upward movement
The spacing between moving averages suggests a healthy trend structure
MACD (Moving Average Convergence Divergence)
MACD showing bullish reversal signals following recent retracement
Potential for positive momentum continuation as MACD turns upward
Signal line crossover could provide additional confirmation of bullish momentum
Market Structure
Overall bullish market structure remains intact
Recent retracement provides opportunity for value entry
Higher lows and higher highs pattern supporting bullish bias
Risk Management
Total Risk: 242.8 points (Entry - Stop Loss)
Potential Reward: 728.42 points (Target - Entry)
Conservative position sizing recommended due to market volatility
Consider trailing stop loss after price moves 1:1 in favor
Key Levels to Watch
Immediate Resistance: 22,000 (psychological level)
Secondary Resistance: 22,264.79 (target price)
Primary Support: 21,536.37 (entry price)
Critical Support: 21,293.57 (stop loss)
Trade Management Strategy
Enter at specified limit price of 21,536.37
Initial stop loss placement at 21,293.57
Consider scaling out positions:
First take-profit at 1:1 risk-reward
Move stop loss to break-even after first target hit
Let remaining position run to final target of 22,264.79
Additional Considerations
Monitor overall market sentiment and correlating indices
Watch for potential catalysts that could affect German/European markets
Keep track of volatility indicators for potential position size adjustments
Consider reducing position size if VIX shows significant increase
Trade Visualization
Price currently showing momentum above key moving averages with room to run toward target. The recent retracement provides a value entry point with clear invalidation level at stop loss.
Remember to always follow your trading plan and maintain strict risk management protocols.
Entry Price: 21,536.37
Target Price: 22,264.79
Stop Loss: 21,293.57
Risk-Reward Ratio: 1:3
Trade Type: Buy Limit Order
Technical Indicators Analysis
Moving Averages
Price action shows strong bullish momentum with price maintaining position above the 200 EMA
Notable clean rejection of the 50 EMA, indicating potential continuation of upward movement
The spacing between moving averages suggests a healthy trend structure
MACD (Moving Average Convergence Divergence)
MACD showing bullish reversal signals following recent retracement
Potential for positive momentum continuation as MACD turns upward
Signal line crossover could provide additional confirmation of bullish momentum
Market Structure
Overall bullish market structure remains intact
Recent retracement provides opportunity for value entry
Higher lows and higher highs pattern supporting bullish bias
Risk Management
Total Risk: 242.8 points (Entry - Stop Loss)
Potential Reward: 728.42 points (Target - Entry)
Conservative position sizing recommended due to market volatility
Consider trailing stop loss after price moves 1:1 in favor
Key Levels to Watch
Immediate Resistance: 22,000 (psychological level)
Secondary Resistance: 22,264.79 (target price)
Primary Support: 21,536.37 (entry price)
Critical Support: 21,293.57 (stop loss)
Trade Management Strategy
Enter at specified limit price of 21,536.37
Initial stop loss placement at 21,293.57
Consider scaling out positions:
First take-profit at 1:1 risk-reward
Move stop loss to break-even after first target hit
Let remaining position run to final target of 22,264.79
Additional Considerations
Monitor overall market sentiment and correlating indices
Watch for potential catalysts that could affect German/European markets
Keep track of volatility indicators for potential position size adjustments
Consider reducing position size if VIX shows significant increase
Trade Visualization
Price currently showing momentum above key moving averages with room to run toward target. The recent retracement provides a value entry point with clear invalidation level at stop loss.
Remember to always follow your trading plan and maintain strict risk management protocols.
Trade closed: target reached
I hope you’ve had a great day and that your screens were green. 🌟
Happy Trading, and see you next time! 💹✨
Happy Trading, and see you next time! 💹✨
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I hope you’ve had a great day and that your screens were green. 🌟
Happy Trading, and see you next time! 💹✨
Happy Trading, and see you next time! 💹✨
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.