DAX-AN INDIRECT EVENT PLAY[US 2020 ELECTIONS;BLUE BULL|RED BEAR]The idea briefly explained:
Considering Biden's and the Democrats stance on foreign policy, probabilistically speaking the chances are, of fewer tariffs with US allies, as well as a more comprehensive and less volatile trade policy. Of course, this benefits Germany and the EU in general.
Hence, expecting that the US elections event to turn out as the wedge predictor of whether the current rising wedge in the DAX will have a bullish or bearish breakout. Additionally, the apex of the wedge occurs almost precisely at the time when the elections are held.
Bullish: If Biden wins, despite possible changes to the tax code (which won't be realized immediately), in either situation the target for the DAX should be close to 15000 for the first half of 2021.
The bearish outcome is Trump winning the elections , and I am not going to waste any words on how it has US foreign policy with the EU has worked out so far. The bearish targets in this case are 12500 & 12000.
Finally, COVID news in this case will be the noise of the current price action and the pricing in of the US elections. The bet is indirect because, you can just buy candidate shares. Instead, this ideas is trading on the elections outcome and how it gets priced in via another asset.
This is it for the DAX and US elections. Feedback's always welcomed!
-Step_ahead_ofthemarket
________________________________________________________________________________________
>>I do not share my ideas for the likes or the views. This channel is only dedicated to well-informed research and other noteworthy and interesting market stories.>>
However, if you'd like to support me and get informed in the greatest of detail s, every thumbs up and follow is greatly appreciated!
Disclosure : This is just an opinion, you decide what to do with your own money . For any further references or use of my content- contact me through any of my social media channels.
Germany
DAX30: "Silencing" of macd at trendlineSilencing of macd can be an indicator of breakout. DAX30 has crossed a support line after exchange hours. A rapid short breakout may follow.
DAX30 watch the 10,000 Level DAX looks bearish to complete the correction, overall trend is UP, watch the 10,000 level
EUR BUND - What's next?BUND
I like to compare the currency euro with its bond market the bund. Why?
Simply looking at the macroeconomic front of countries as we had strong PMI's this friday come out from European countries, bunds is focused to Germany which you could of took scalp or swing trade towards the positive outcome. Whilst looking at the fundamental aspects i'd reflect that towards euro currency pair performance with bunds and as well as that start of the week, we had positive aspect of EU recovery fund deal go through. Whilst comparing this, try this with dollar index currency. I find Bonds are more of long term invest in my opinion -
My portfolio view overall: Don't put yourself in one instrument, explore wide variety to build a stronger portfolio.
Just a trade idea, not a recommendation.
DAX - Will buyers emerge ahead of the weekend? GER30 is Bullish - We look to Buy at 12750
▪️ Trading within a Bullish Channel formation.
▪️ The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing.
▪️ Bespoke support is located at 12750.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 12750, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 12690
Target1: 13155
Target2: 13300
EUR/GBP:Knife CatchingNot to promote Knife catching but every time we have had a retracement, we have seen a subsequent rally.
Clear unbroken upward trend, therefore buying in over here would not be the worst move.
Eurozone has far more momentum than the UK due to response to the coronavirus and opening much sooner- will that thus relate to the value of the Euro? or as usual the weak proponents of the Euro average out the gains of the good.
We shall see.
-Megalodon Whales (Rahim)
Enjoyed charting for you, please give me your opinions on the idea and you are welcome to drop yours below too :)
FX:EURGBP
LUFTHANSA: TOO BIG to FAIL,Trade it!FA:
After receiving a bailout from the German government, Lufthansa proceeded to rally but was not able to take out resistance and has thus retraced to the lower 8-9 zone
Restrictions have been lowered and travel within Europe is now picking up again; with the Business travelers being one of the main customer groups for Lufthansa
Budget airlines are set to suffer due to Corona Virus flight regulations, thus airlines such as Lufthansa are a good buy
TA:
Following an Upward trend and is following Fibonacci levels; if we break the level on the next proceeding run especially if the actual earnings are higher than the estimate; it could be enough to rally above the lows since the beginning of the outbbreak
Set Stop Losses below the trendline and below the support levels to prevent being stop hunted
-Megalodon Whales (Rahim)
Trade safe and you are welcome to comment with your opinions or post your ideas below :)
XETR:LHA SWB:LHA
DAX - trend to new lows continuesDAX continues on its way down to new lows. In the shorter term view, it seems to have finished, or nearly so, minor counter-trend wave 2. The next move should be minor 3, where the most probable target is is below 11,000. If prices crosses up 12,920, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
GD1! 29.06.2020Hello dear traders,
its been along time, next week analyses will be huge one, as we see gold all that weeks start to grow and grow, as we all now gold grows in crisis as we have one (COVID19),
AND IN Probabilities view next week gold will have a huge bullish so prepare yourself to make a good profite, but dont forget there is also probabilities of 10% that market will make a bearish trade.
make a like if you see that my analyses is useful
DAX - Positioning to buy a dip GER30 is Bullish - We look to Buy at 12110
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Trading within a Bullish Channel formation.
▪️ Bespoke support is located at 12110.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 12110, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 11980
Target1: 12575
Target2: 12800
ridethepig | EUR Market Commentary 2020.06.03EURUSD exploding to the topside as USD comes under further pressure from domestic issues. While I am bullish on the euro more broadly, these latest moves are starting to look stretched above 1.12xx given all the cards that are on the table.
Well done all bulls riding what has been so fat a very fast move; we are coming to the end of this initial ‘expectation leg’ around debt mutualisation of the block. Official confirmation coming later today will mark an end of this chapter and unlock a quick pullback for the next ‘fact’ leg which should be bought. On the technical side, tracking closely the 1.104x support as the next loading zone for bulls looking to ride the swings towards 1.15 and 1.20.
🔑 Remember markets trade expectations first and then facts later.
DAX - final stages of the counter-trend move upDAX seems to be tracing the end phase of a minor ABC pattern that should complete intermediate wave 2 up. The retracement is getting near the most probable 0.618 fibonacci level for waves 2. After this leg is completed, DAX should trend to new lows. Volume confirms the counter-trend correction as it has been declining while prices increasing. FOLLOW SKYLINEPRO TO GET UPDATES.
ridethepig | Eurobonds Positional PlayThe latest news from Germany and France " federalisation of the debt " - a prerequisite for survival of the euro. The trigger for Alexander Hamilton in 1790 was Britain, for Angela Merkel its Coronavirus.
So we are gradually getting round to what is an important component in the process of formation in the currency. Like a trojan horse, Eurobonds are being pushed in from the mounting political and geopolitical pressure. The initial 500bn EUR will still require approval from the block, and may not be a huge sum considering a historic crash, however it is an incremental step in a positive direction. It is not really about the effectiveness of the implementation, and this is decided from completely different factors and distribution is not that clear.
The isolated highs in USD which we have been tracking illustrates the future direction for the greenback :
After the latest news I am switch sides in the short-term bearish view, rather starting to track the breakout to the topside. A move through 1.10xx highs will unlock the topside and put scaffolding around the short-term bullish view. The MT and LT outlook could see us grind all the way back towards 1.20xx in a relatively short period of time.
I am certain that in a few years, nobody will consider surrendering their euros for dollars. The disappearance of dollar dominance will open the way for a new and brilliant development of Europe and - the east. Let me say a few more words about the birth of the view; it is closely linked to the collapse of Globalisation...
Vaccine optimism is flooding the wires, the dedication of politicians to sell the re-openings is very telling of the extent of damage that has been done. All rainbows and empty promises from the consultations I've had with experts in the field. The following chart shows how devastating the economic damage has been on the US labour market, Equities rallying all the way back in such a short period of time in a V shaped bounce is not an accurate reflection of reality:
EURUSD EVER SO SLOW LIKE A TORTOISE! WHERE TO NEXT?ONE OF THE SLOWEST, LOW MOMENTUM PAIRS FOR THE LAST MONTH
BUT HIGHLY LIQUID WITH LOW SPREADS AND SAFE TO TRADE FOR THE BEGINNER TRADER
WE RARELY TRADE EURUSD IN OUR GROUP AND AS OF NOW HAVE A NEUTRAL YET BEARISH OUTLOOK
JOIN US ON TELEGRAM TO SEE WHERE THIS TRADE GOES!
t.me
FX:EURUSD
#FOREX
#FOREXTRADER
#FOREX ALERTS
#EURUSD
Trendanalysis for the DaxAs you can see we can identify an upgoing trend since the middle of March. The short rise in the Dax from march till now could indicate, that investors are gaining trust and optimism in the markets and especially in the steps which the government took to keep the situation under control.
There are two major resistances (yellow) which need to get tested to continue the trend. With the moving average in mind, we will have a pretty interesting development when the Dax is going to cross the moving average. A potential development could be a continuing growth until we get to test the second resistance(second yellow line).
The second potential scenario could be an upcoming negative trend when the first resistance gets tested negative, we will get a negative trend shown with the red line. The short rise paired withe followed negative trend could then be identified as a bear trap.
I suggest that we can identify and see one of these developments this development in the next two to three weeks.
Let me know what you think, I am happy to talk and discuss my ideas.