GER40 trade ideas
Up and awayIts been said the markets are set to have a big week as the Federal Reserve, the Bank of England and the Bank of Japan all set to hold policy meetings and Non farm payrolls on Friday.
There will also be big tech earnings.
Us30: From what I can see Us30 has reacted from a demand zone very well which is below break on the BSL (BOS on a high time frame) and I'll look for it to continue hopefully to 41414.72. Price is still hovering above and outside Junes range so I'll expect August pricing to open and close outside that area.
Ger40: DAX has me questioning my analysis because it hasa been very sideways and hard to read. Not too much strength in movement and still in Junes price range. But as I set back and analyse I have to remember this is just and accumulation phase which could indicate storng movement coming or a reversal. All of my own mark up lead me to think price needs to reach 18920.5 but I will have more confidence if price can show strength and pass 18645.1
Ger30 - August Short SetupVarious Channels and ABCD short setup identified.
This pattern is still in the process of forming. Possible bearish price movement towards target levels ranging from 18,666.26 to 17,625.74 within the next 7 days.
Expiry Date/Time: 8/8 03:14
Don´t miss selling the highs on DAXThe current uptrend on the DAX/GER40 is showing signs of weakening, with mixed signals appearing across various indicators. My strategy involves monitoring for a price drop below the 50 MA, where I've set a Sell stop order to trigger at 18,272. My optimal target for this position is 17,054.3.
I anticipate significant market movement throughout the next week, aligning with my approach of entering swing trades on the DAX. Should the price action continue to rise and surpass the 18,700 mark, there is a potential for it to reach the 18,700-19,000 resistance cluster. This range is a strategic point for selling at a high, offering excellent profit potential as the DAX hovers around its all-time high range. Remember, markets do not move in a single direction indefinitely.
Stay vigilant and prepare for these key levels to capitalize on potential market reversals and continuation patterns.
Happy weekend! 🚀📉 #DAX #GER40 #TradingStrategy #SwingTrading #TechnicalAnalysis
GER30 Possible Bearish moveThere is a CHoCH on the 4hr indicating a possible downtrend, with a BOS liquidity grab.
Price heading to a sell zone for the possible bearish move.
Remember: Risk Management very Important
GERMAN 30 BUY BIASPrice rejected monthly support then the previous HL was broken indicating a trend change to me. Looking for Buys after getting entry confirmations
DAX H1 | Potential bearish breakoutDAX (GER30) is falling towards a potential breakout level and could drop lower from here.
Sell entry is at 18,175.94 which is a potential breakout level.
Stop loss is at 18,300.00 which is a level that sits above a pullback resistance.
Take profit is at 18,036.36 which is a swing-low support that aligns close to a confluence of Fibonacci levels i.e. the 100.0% projection and the 127.2% extension levels.
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. 68% 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, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.
Short AgainWe have classically retraced the decline of last week. Now this retracement has reached an important resistance point. It is the March top, the top of 5th-6th June and the temporary May bottom. Together with the 50% retracement it seems to be resistance enough to risk a sale.
supply to demand out looklooking at selling opportunities as price returns to the 1HR supply zone which confluences with the daily and 4HR supply zones. will this zone hold as we know price has to test this area within 30 days for this supply to work failure to test it with this time-line it will invalidate our set-up
DAX to find buyers at market?GER40 - 24h expiry
A Morning Doji Star formation has been posted at the low.
A Doji style candle has been posted from the base.
The primary trend remains bullish.
Daily signals are bullish.
Yesterday's Marabuzo is located at 18415.
We look to buy dips.
We look to Buy at 18415 (stop at 18315)
Our profit targets will be 18665 and 18725
Resistance: 18509 / 18600 / 18700
Support: 18430 / 18350 / 18220
Risk Disclaimer
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.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Could price bounce from here?DAX40 (DE40) is falling towards the pivot and could bounce from this level to the 1st resistance.
Pivot: 18,408.84
1st Support: 18,298.43
1st Resistance: 18,664.16
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
DAX40 - end of bull market?- German index has been extremely well over recent months despite data from German economy, which are far from perfect
- Everyone expects EURUSD to go up, which I doubt - I believe it will not break 1.1
- If EUR losses against USD, it can affect DAX and cause a significant corecton. So technically, if the price breaks down form the wedge respecting the HAS pattern, DAX can do all the way down to 16400.
We shall see.
No recommendation, just my humble opinion.
Short term long on DAXI think there is quite a good chance that DAX might bounce from here, and a trade could in that case be done with quite a good RR.
Dax 40 Germany 40Just a simple spike and channel pattern, and I'm waiting for the price to move in a trading range for a short time before the next upward movement. For now, I'm looking to take advantage of the current situation. I'll take small profits that align with the upward spikes as I try to catch the small upward movements in the lower timeframe. Hopefully, you'll make some money from this. As always, thank me later!
GER40: Riding the Wave of GrowthThe GER40 Index has initiated a bullish trend, characterized by the formation of higher highs. Notably, there is no divergence present, suggesting a strong continuation of the current trend. At a discounted price of 18424.8, there is a favorable buying opportunity for traders. Given the current market conditions, it is anticipated that this upward trend will persist for the foreseeable future.
- AnalytixEdge
DAX 2024/07/22- Another Triangle on DAX
- Triangular corrections are expected to end sharply, both due to the long duration of the correction and the compression of the price as time passes. The usually occur in the 4th wave and in the B wave. One of my favorite structures to trade!
