Signallong
Deutsche Bank Shares: Riding the Bull with a Diamond SparkleTechnical Analysis for Deutsche Bank Shares:
1. Bullish Diamond Fractal Formation:
Deutsche Bank shares are currently exhibiting a notable technical pattern known as a Bullish Diamond Fractal. This pattern suggests a potential reversal in the prevailing downtrend, indicating a shift in market sentiment in favor of the bulls.
2. Key Levels and Targets:
First Take Profit (TP): The analysis points to a conservative first take profit level at 15,500. This level is identified as a potential resistance where traders might consider taking profits.
Second Take Profit (TP): A more optimistic target is set at 23,010. This level represents an extended bullish move and could attract additional buying interest.
Stop Loss: To manage risk, a stop-loss order is recommended below the support level, around 9.809. This level acts as a safety net to limit potential losses in case the market moves against the anticipated bullish scenario.
3. Market Sentiment:
The analysis suggests an optimistic outlook for Deutsche Bank shares, supported by the Bullish Diamond Fractal pattern.
The expectation is that the upcoming Monday will be very bullish for this pair, indicating potential positive market sentiment and increased buying interest.
4. Related News:
According to a historic news article from CNN (dated October 25, 2023), Deutsche Bank shares have experienced a surge, leading to an increase in dividends. This positive development aligns with the technical analysis, providing fundamental support for the bullish outlook.
The increase in dividends can be interpreted as a sign of confidence in the company's financial health and performance.
Positive news like this can attract more investors, contributing to the bullish momentum identified in the technical analysis.
Conclusion:
The technical analysis, supported by the recent positive news, suggests a bullish stance on Deutsche Bank shares. Traders and investors should carefully monitor key levels, consider the recommended take profit and stop-loss levels, and stay informed about market developments to make well-informed decisions.
Buy CADCHF SW 130323 11.50📌📌Signal Buy CADCHF📌📌
Link :
📍📍Open order 0.66800
Buy lim 1 0.66550
Buy lim 2 0.66300
Buy lim 3 0.66000
Buy lim 4 0.65650
Buy lim 5 0.65350
Tp 0.68800
Sl 0.64950
Warning !!! (Swing trade must be use pending orders)
!!!Pending orders should be set up lot size step by step
Example
(15,000$)
Open order 0.1 lot
Sell lim 1 0.15 lot
Sell lim 2 0.20 lot
Sell lim 3 0.25 lot
Sell lim 4 0.30 lot
Sell lim 5 0. 40 lot
Sell lim 6 (last order) = 0.1+0.15+0.2+0.25+0.3 = 1.1 lot
Example
(3,000$)
Open order 0.04 lot
Sell lim 1 0.05 lot
Sell lim 2 0.06 lot
Sell lim 3 0.07 lot
Sell lim 4 0.08 lot
Sell lim 5 0.10 lot
Sell lim 6 (last order) = 0.04+0.05+0.06+0.07+0.08 +0.1 = 0.4 lot
!!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
ETH/USD trade updateOkay so when we now look at the chart we can see that the price did reverse and went back up and did clean break through the small resistance that we can see on the chart.
The next zone that I will be looking at is the zone of interest that is drawn up on the chart in orange and that is close to the price now. We could see a small reversal here but I think that the price should be able to break this zone and go up even more.
If you have any questions feel free to send me a message.
If you like the idea do not forget to give it a like and feel free so share your idea on this in the comments.
Everything you see on my profile is just for educational purposes only.