Counter trend trade opportunities are developing on DAXDAX is in the process of a short term relief rally to upside. The levels of resistance are defined on the weekly chart. Bullish divergence has been seen on the daily RSI. Looking for the RSI on 90 minute to test the 45-period Moving average to go long.
Germany
EURUSD SWING SHORTSHORT SWING TRADE
he EURUSD is in a really good trend right now.
It has been in this range on the 60m chart for the last 3 weeks trending lower.
I think that this is a good trend and will be trending this way for the next week in the very least. The average trade swing length is roughly 36-60 hours with an average swing of about 100 pips.
I will be going in and out of this trend SELLING ONLY (I don't feel comfortable buying this at all should it fall lower)
This should be incredibly interesting to watch.
Trigger Trades - Precision Trading
Mid Term DAX ShortThe Dax has finally covered the gap and it is moving higher this morning back to normal levels seen before the fundamental news of the Scottish Referendum which would have a massive effect on the European and German market.
I do believe that this will cover the gap and then begin moving downwards.
I have set a very short SL and have a very healthy 2.38:1 Profit/Loss Ratio.
This is a mid-term position and should last approximately 3-12hours.
TriggerTrading - Precision Trading