DAX testing supports after wedge breaking to the downsideDAX 40 testing support level around 19k area, which have acted as pivot points 6 times already.
If broken to the downside, 18k should act as the next big level (blue line).
GDAXI trade ideas
GER30 I Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 19,330.78, which is a pullback resistance and a 50% Fibonacci retracement.
Our take profit will be at 19,036.94, an overlap support level.
The stop loss will be at 19,661.66, a multi-swing high resistance level.
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Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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Heading into 50% Fibonacci resistance?GER40 is rising towards the resistance which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 19,326.61
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 19,557.03
Why we like it:
There is a pullback resistance level.
Take profit: 19,073.13
Why we like it:
There is a pullback support level.
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DAX to attract sellers at market price?GER40 - Intraday
4 negative daily performances in succession.
Short term bias has turned negative.
Preferred trade is to sell into rallies.
Yesterday's Marabuzo is located at 19161.
Expect trading to remain mixed and volatile.
20 4hour EMA is at 19235.
We look to Sell at 19215 (stop at 19315)
Our profit targets will be 18965 and 18905
Resistance: 19100 / 19200 / 19300
Support: 19003 / 18900 / 18800
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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DE40 BUY SETUP !!“I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have” – Paul Tudor Jones.
GER40 Trade LogTrade Setup (31/10/2024) - GER40 Long in 4H FVG
1. Setup: Enter long within the 4-hour Fair Value Gap (FVG), identifying this zone as a potential support area for a bullish move.
2. Entry strategy:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Confirmation: Look for bullish reversal signals or strong support within the 4H FVG, such as a bullish candlestick pattern or rejection wick.
3. Stop-loss and take-profit:
- Place stop-loss just below the lower boundary of the 4H FVG to manage downside risk.
- Set take-profit at twice the distance of the stop-loss to maintain a 1:2 RRR.
4. Additional considerations:
- Monitor European market sentiment and any upcoming economic news that could impact GER40.
- Wait for clear bullish signs within the FVG to ensure a higher probability of a successful trade.
This approach focuses on capitalizing on potential bullish momentum if price finds support in the 4H FVG.
DAX Bearish Breakout! Sell!
Hello,Traders!
DAX was trading in an
Uptrend along the rising
Support but now we are
Seeing a bearish breakout
So we are locally bearish
Biased and we will be
Expecting a further move down
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Headed upwardThe index has been facing selling pressure lately and may experience a pullback to the upside after finding support on a key resistance.
GER/DAX finally hit an entry level. Team,
ENTRY long DAX at 19325-35
STOP LOSS AT 19285
Target at 19375
target 2 at 19405
Target 3 at 19445
Once it hit first Target, take 50% partial and bring stop loss to BE.
DAX H4 | Potential bullish bounce off 61.8% Fibonacci supportDAX (GER30) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 19,412.53 which is a pullback support that aligns close to the 61.8% Fibonacci retracement level.
Stop loss is at 19,300.00 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level.
Take profit is at 19,624.78 which is a swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Bullish momentum The index is still ranging within a bigger structure and will likely retest the above resistance barriers since the bearish pressure has subsided.
Weekly Technical AnalysisStart your week by identifying the key price levels and trends.
The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex.
*KEY
Trend is set by the slope of the VWAP over 50 periods
Phase is determined by the current price relative to the VWAP (20) level (above or below)
Support & Resistance are set by the StdDev #2 Lower and Upper respectively.
Momentum is determined by the RSI level (70 as overbought and under 30 as oversold).
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Analysis
Germany 40 remains bullish but is still in a correction phase, trading at 19,449, just above the VWAP (20) level of 19,343 after trading below it most of last week. Support sits at 19,020, with resistance at 19,666. The RSI is at 54, indicating moderate momentum as the index navigates its corrective move within a broader uptrend.
The UK 100 index holds a neutral trend with increased potential for a breakdown. There is notable underperformance vs other global indices. The price at 8,128 is slightly below the VWAP (20) of 8,212. Support is positioned at 8,049, and resistance at 8,374. An RSI of 40 reflects sluggish conditions, as the index tests key levels within its range.
Wall Street is in a bullish, impulsive phase, reaching 44,127- a record high and well above the VWAP (20) of 42,588. Support is at 40,971, while resistance is nearby at 44,120. The RSI at 70 shows strong momentum, nearing overbought conditions, signalling caution for further gains in the short term.
Brent Crude remains neutral in consolidation broadly between the 7000 and 8000 levels, trading at 7309, below the VWAP (20) of 7372. Support is at 7111, with resistance at 7633. The RSI of 45 suggests soft but stable momentum, as the commodity remains within its range-bound state.
Gold continues to exhibit bullish behaviour overall but has entered a sharp correction - its largest in a number of weeks. It’s priced at 2,666, below the VWAP (20) of 2,726 and testing the lower 2 period standard deviation of the VWAP (Support) at 2,660, with resistance at 2,790. An RSI of 43 reflects new bearish sentiment, with a drop below 50 not seen in months.
EUR/USD remains in a bearish, impulsive trend coming off the back of a massive 300 pip 1-day decline last week and currently trading at 1.0679, below the VWAP (20) of 1.0813. Support is nearby at 1.0685, with resistance up at 1.0941. The RSI at 34 indicates downward pressure, suggesting limited bullish attempts to reverse the trend.
GBP/USD is neutral in a consolidation phase with a bearish bias at 1.2897, just under the VWAP (20) of 1.2961. Support sits at 1.2868, and resistance at 1.3054. With an RSI of 42, the pair shows mild bearish momentum within its consolidation phase.
USD/JPY holds a bullish, impulsive phase, trading at 153.62, above the VWAP (20) of 152.31. Support is set at 150.09, while resistance lies at 154.52. The RSI at 60 reflects continued bullish momentum within its uptrend, and still some way off overbought levels.
11.11.24This week, investors will focus on October’s CPI data, expected to show a 2.4% annual increase, as they assess the inflationary impact of President-elect Trump's policies. Market attention will also be on comments from several Federal Reserve officials, including Chair Jerome Powell, for clues on future rate cuts amid shifting economic conditions.
US30: Once October lows were captured price rallied as it has done in past election days into /Octobers highs. I still see price passing 44180.64 for this week but to see if the markets can continue to rally I'd like to see how US30 reacts to upcoming data and news.
GER40: Price traded as an inside candle week not really finding momentum in any direction, I feel price will reach 19679.3 first I will eye price passing 19565.0.
Mo 2024 11 11 - LongStats Day:
** 08:00 H4 double color, - Long
Stats Week:
** Mid Month Turn,
** US CPI: 14:30,
** Fri Expiry 13:00,
** Mon Morning rule - pending,
** Tue return to W1 trend and not a W1 trend change - pending,
Stats Month:
** Mid Nov end,
Stats Year:
** US Election,
||| Trade Taken |||
Trade Taken:
** Time frame:
* H4
** Time:
* 08am,
Set-Up:
** Trigger for trade:
* 8am H4 double color Long,
* m45 close outside m45 BB Long/Short
Risk Reward:
** Risk:
* Initial Turn,
** Target:
* R 1:1 as range,
GER40 Short term short biasWe see short order flow on the daily timeframe, with a liquidity sweep and imbalance coverage, aiming for daily fractal targets below. The hourly timeframe isn't aligned yet, so we need to wait for a break on the hourly to confirm this idea.
Bullish momentum The index is still ranging within a bigger structure and will likely retest the above resistance barriers since the bearish pressure has subsided.
DAX30 ANALYSIS IN MONGOLIANMake market easier to read. Volume and Liquidity analysis on dax30
SINKorSWIM
DAX40The daily trend for the market is bullish overall, showing an uptrend with higher highs and higher lows, though currently in a consolidation phase. Key support is around 19,100 - 19,200, suggesting possible accumulation, while resistance near 19,400 - 19,500 could act as a rejection zone. In contrast, the hourly trend has a bearish bias, with recent downtrend movement indicating a pullback within the broader daily trend. If the price breaks above 19,400, this could align the hourly trend with the daily bullish outlook, while a breakdown below 19,100 would signal a potential reversal or deeper pullback in both timeframes.
Summary
Bullish Scenario: If the price respects the 19,150 demand zone and moves upward, consider long positions with targets near 19,400 - 19,500.
Bearish Scenario: If the price faces rejection around 19,400 and breaks below 19,150, consider short positions with a target around 19,000.
GER40 (DE40, DAX) SETUP !!Let's see how this one plays.
“The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading … I know this will sound like a cliche, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short.” — Victor Sperandeo
Fri 2024 11 08 - Short||| Stats |||
Stats Day:
** 08:00 H4 double color, - Short
Stats Week:
** Wed US FOMC 20:00:,
Stats Month:
** Mid Nov end,
Stats Year:
** US Election,
||| Trade Taken |||
Trade Taken:
** Time frame:
* H4
** Time:
* 08am,
Set-Up:
** Trigger for trade:
* 8am H4 double color Short,
* m45 close outside m45 BB Short
Risk Reward:
** Risk:
* Initial Turn,
** Target:
* R 1:1 as momentum at H3 D1 center,
GER40 there's still space for a scalpLong Position: Consider buying if price breaks and closes above 19,471, with a target near 19,700 and a stop-loss just below 19,400.
Short Position: Consider selling if price fails to break 19,400 resistance convincingly and starts showing bearish signals, targeting support at 19,000 with a stop-loss above 19,471.
TODAY WE HAVE Fed Interest Rate Decision
Likely To Expect a Mildly Positive Long Movement: The GER40 could benefit from a steady Fed rate, as it would stabilize global risk sentiment. A weaker USD could also support the Euro, potentially benefiting European equities. However, continued inflation concerns could raise expectations for tighter ECB policy, adding a layer of complexity.
