Primed Watchlist: expecting strong EUR & DAX and 4 other tradesHey good morning from Limassol! Gorgoeus day ahead of us and we wish you the same!
So our watchlist consists of a few pairs, 4 to be exact but we do have 3 active trades...
Below are are the necessary details
WATCHLIST 23.1.2020
Big ECB day... big EUR moves?!
EURCHF: At key support
Price action slowly but surely heading down to a key trading level.... this is what we saw with XAGUSD and usually indicates weakness of the momentum holder, in this case the bears.
What this shows is a chance of a really strong bull push!
CADJPY: Possible bull contraction
Im not too keen on taking this but its worth being in the watch list as thats what the watchlist is for... find POSSIBLE trades... watch them, prepare and if they are valid go!
Here we have RSI very low... a possible bull contraction at a key support level.
AUDJPY: Possible bullish continuation
We have a breakout of a medium-term down trend trendline and a test of it happening now... and easy target would be the 120% as it lines up with a key resistance.
Really nice day trade (24 hour life value)
DAX30: Looking ready for the bulls!
A contraction leading to a key level supported with a reversal candle and RSI pretty low
De30
13 250 will be decisive in DAXDAX30 continues to recover. The rising tensions between the U.S. and – Iran drew reaction from the political actors in Europe. Following the retaliations between two countries, anti-war statements made by Iranian officials lead to a recovery movement in the index. There is a desire to rise in the German index and for the continuation of the current recovery, 12 250 area will be on our radar. If the upward movements exceed this area, we will follow 13 330 level. In possible retreats, on the other hand, 13 180 and 13080 will be on our radar as the support levels.
Selling DAX at key reistanceENTRY 13376.6 | TP 13157.3 ( pips 219 / RR 2.24 ) | SL 13475.4 ( pips 98 )
Very important details are listed in the chart, REVIEW them. We highly recommend not to go too big as we might hold over the weekend.
(but the only way we earn in this market is by risking so if your not comfortable with risks, then your either trading too big or this "game" is not for you.)
DAX - Fading gainsWe look to Sell at 13305
The medium term bias remains bullish.
Price action has formed an expanding wedge formation.
We have a 78.6% Fibonacci pullback level of 13307 from 13380 to 13040.
Negative overnight flows lead to an expectation of a weaker open this morning.
Further downside is expected and we prefer to set shorts in early trade.
Expect trading to remain mixed and volatile.
Stop: 13355
Target 1: 13070
Target 2: 12900
#DAX is the Pullback coming this Week? #DE30EUR #GER30 The German Stock Index had a phenomenal uprise since the break of resistance around 12475, but at some time every Party has to at least close for a few hours to clean up the mess.
German Stocks where pushing strongs with gains about 10% - 20% across the board and the whole market has positioned itself in overbought territory where Profit taking will come into play to start some kind of Pullback.
Positioning your Risk Management with much breathing room above 12950 gives you a good Risk-Reward Setup to place yourself in the bearish Pullback Camp.
Pullback Targets
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1. Target: 12620 / Retest of Daily 20-EMA / 0.236 Fib Retracement
2. Target: 12450 / Retest of Daily 26 or even 50-EMA / 0.382 - 0.5 Retracement
Daily Stochastic is still in the Bullish Control Zone which did not gave you any Signal to be overall bearish on the Daily Chart and the Daily RSI is above 65 with a huge divergence from the EMA
Have your stops in place and trade safe!
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You can copy and follow my Trades on eToro
www.etoro.com
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#DAX #DAXPERFORMANCE #DAXTRADING #TECHNICALANALYSIS #GER30 #DE30 $DAX $GER30 $DE30 #GERMANINDEX #DEUTSCHERAKTIENINDEX #DE30EUR
Dax shortLast time I shared DAx idea, it didn't go well, but I found that I wasn't seeing one inverted H&S pattern. In this idea there is inverted H&S and its TP have been reached and we also have reached top of the rising wedge.
So if DAX breaks bottom line of it then down to red line and maybe to the yellow line too, but will see.
I attach link to my MT4 chart whithout GAPS.
Link: ibb.co
Pluss I have small telegram chat where post instant updates for my charts: t.me
Un es esmu forex traderris no Latvijas un mekleju biedrus, kas butu ar mieru pievienoties citai telegram grupai, kur varetu mainities tirdzniedzibas idejam.
Links uz grupu: t.me
#DAX #GER30 #DE30 dont jump into it to early$GER30 #DAX #GER30 #DE30 dont jump into it to early
DAX has risen the past weeks bouncing of 11275 Support and is getting into Resistance Zone were some kind of Pullback is expected.
What we dont want to do is to jump in any DAX Trade without a proper Risk Management Plan because we dont want to get caught between some Ranges maybe forcing us out of our trade.
Daily Stochastic in Bullish Control Zone and not crossed down yet, Daily EMA still room to Go, Waiting for a healthy pullback to at least 50EMA(green) or better the 200SMA(turquoise) for any Entrys, TD Sequential is indicating that there would be a at least time for a 2-4 Candle Correction.
Trade Safe!
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you can follow and copy my Trades on eToro
My Etoro Profile:
www.etoro.com
Etoro Registration Link: etoro.tw
Dax daily: 02 Jul 2019 The resistance zone at 12 601 we mentioned yesterday turned out to function perfectly. After retesting the 12 601 level, Dax went sloping down. The weekend gap has been filled from it's third only and today the price opens without a gap.
Important zones
Resistance: NIL
Support: 12 385, 12 428, 12 508
Statistics for today
Detailed statistics in the Statistical Application
Macroeconomic releases
NIL
Today's session hypothesis
There are quite a few support zones today, yet no resistance. The magnet on the lower prices is still 12 385. On the way down, buyers could enter around 12 428 and 12 385. The support zone at 12 508 could function as a bumper to head for further higher levels. At 12 428, we might see a correction, whereas the 12 385 level might function as a reversal signal. Thanks to a good distance towards 12 385, this hypothesis can be a multiple-day plan.