GER40 Intraday long ideaContext Long
Entry Asia Low or NY1h fractal sweep
Target 1D imb or 1h fractal
Invalidation 1H close below NY1h fractal
GERMANY40CFD trade ideas
7.10.24This weeks inflation data will been keenly anticipated after the job report from last Friday which were stronger than expected, CPI & PPI data will assure Fed that interest rates is on a sturdy path to 2% and the Fed minutes, investors will be looking to see how officials feel about the cut on US interest rates.
Us30: Price was very rangey early in the week until lows were taken from the previous week which is now pushing price higher back towards 42654.00. Price we trapped between the previous weeks range as it is the start of trhe month but hopefully we will begin to see a breakout. As I write this price has already pushed above 42345.87 the way I would like it to
Ger40: Price traded lower into an area of demand on Thursday-Friday and is trading back higher towards 19500.4. I will liek to see price push above 19197.3 and continue higher as long as data is on its side but I will still keep an eye out to see if price has a potentional to drop past 18683.8
SHORT DAXDISCLAIMER The below is just is my view trade responsibly
FUNDERMENTAL
The Zew sentiment has been dropping for the past 3months, with a low business sentiment and a bullish dollar i would conclude that the DAX to possibly trade to the downside
as for the technical part it not yet clear to but from the last week push down and a closer to the upside i would say a bullish Monday is possible before a reversal on Tuesday
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Short trade
Sun 28th Sept 24
8.00 pm
LND to NY Session PM
Pair DE30EUR
Entry 19464.5 (0.25%)
Profit level 18936.1 (2.71%)
Stop level 19512.6
RR 10.99
Trade entry reason:
High vol RedK & Vol analysis indicators:
High Volume RedK (Red Candlestick): The presence of a large red candlestick likely indicates strong selling pressure, which suggests bearish momentum in the market.
Volume Analysis indicator: Increased trading volume in conjunction with the red candlestick supports the downward move, making it a solid setup for a sell-side trade.
Target
Support zone 18912.1 to 18935.5
Thu 2024 10 03 - Short -||| Stats |||
Stats Day:
** 08:00 H4 double color, - Short
** 09:30 VOLD ???, AD ???, Senti ???, Agio St ???, Lg ???, - Range/Long/Short
** 09:45 VOLD ???, AD ???, Senti ???, Agio St ???, Lg ???, - Range/Long/Short
** 16:15 VOLD ???, AD ???, Senti ???, Agio St ???, Lg ???, - Range/Long/Short
Stats Week:
** Fri US NFP 14:30:,
** Mon Morning rule - pending,
** Tue return to W1 trend and not a W1 trend change - pending,
Stats Month:
** Oct turn,
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 Long/Short
Risk Reward:
** Risk:
* H4 double start
** Target:
* R 1:1 as still against H3 trend
* although a smaller H3 confirmed counter trend (3 H3 Mom) started,
DAX This week offers a great buying opportunity.DAX (DE40) has been trading within the same Channel Up since the bottom of the Inflation Crisis on the week of October 03 2022. The recent August 05 rebound on the 1W MA200 (blue trend-line) was nothing but the start of the new Bullish Leg of the pattern, the 3rd in total.
The previous two, following their respective Bearish Legs (dotted Channel Down), they first reached a Resistance just above the previous High and after a pull-back and break-out above it, the continued for the 2nd part of the Leg.
It appears that in symmetrical terms, we are exactly there, right before the start of the 2nd phase of the Bullish Leg. Interestingly enough, the 1W MACD completed a Bullish Cross just last week (been the most solid bottom confirmation in the past Legs) so if anything, the rally could be even stronger.
In any case, keeping in mind the strict Resistance offered by the Higher Highs trend-line of the Channel Up, our target is still 20000, which is just below the 1.618 Fibonacci extension. That is the Fib level where both previous Higher Highs of the Channel Up were priced.
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DE40The German index DE40 has reached a zone where Daily timeframe buyers might step in, with a good chance of driving the price back up.
The signal is to buy, but where to find the exact entry is something that each individual can figure out. I prefer to buy now, with a stop-loss slightly below the daily lows or if you are searching for best R:R, then wait until the price enters even deeper into the zone.
In any case, stay cautious, as NFP could also cause some price fluctuations.
Trade safe!
GER40 intraday short IdeaContext short
target PDL
entry Asia H or NY 1h Fractal or London sweep Frank
Dax nfp short ?Dax sell idea,
Weekly sell, monthly sell,
Us election coming,
War of Israel Iran, increase in oil price not good for European countries.
, combine with your setup,
DAX H4 | Bullish bounce off 61.8% Fibonacci support?The DAX (GER30) has reversed off a pullback support and could potentially climb higher from here.
Buy entry is at 19,000.03 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 18,800.00 which is a level that lies underneath a pullback support and the 78.6% Fibonacci retracement level.
Take profit is at 19,337.11 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level.
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2024-10-03 - priceactiontds - daily update - daxGood Evening and I hope you are well.
tl;dr
dax - Look at the xetra 1h chart because it’s clearer there than on futures. 4 legs down and we have not touched the 1h 20ema on xetra since Tuesday. Strong follow through selling and there is an open gap down to 18928. Since we are seeing continues episodes of buying, I do expect this gap to get closed on a spike and we might go neutral or green into the weekend. We are right at the bull trend line from beginning of August and I highly doubt it will get broken on the second touch.
comment : Clear picture on the xetra chart. Close enough to the bull trend line to expect a big bounce upwards to 19200 or higher. If bears win this, next good support is 18800ish. I favor the bulls if they break strongly above the 1h 20ema tomorrow.
current market cycle: bull trend (big trend line is currently at 18950 on xetra)
key levels: 19000 - 20000
bull case: Bulls are trying and buying in between the bear legs and one side will give up for a bigger move soon. Since this is the second touch of the bull trend line from early August, I have to favor the bulls. Their first target is a 1h bar close above 19100 and if the move is strong enough, we see more bears giving up and they will probably wait before shorting again higher. Second target is 19200 (50% pullback).
Invalidation is below 18800.
bear case: Bears continue to sell every rip near the 1h 20ema but the selling is getting weaker and they barely made new lows today. It’s either go big or go home for the bears. Strong break below the bull trend line 18900 is their only option or give up and try to short higher (19200 or wait for 19500).
Invalidation is above 19150.
short term: Neutral again at 19000. Big round number, should be huge support and my bias is bullish for tomorrow.
medium-long term - Update from 2024-09-01: 4 Months left in 2024 and I do think the market is in a trading range where the upper area is around 19000 and the lower area is probably 17000 or 16000 if something bigger comes up. Since we are at the very top, I expect the market to go some sideways before trying to go down again. Next 2000 Points will be made to the downside but it’s too early to short this.
current swing trade : None
trade of the day: Short near the 1h 20ema, again. Or buying 19000. Obvious trades in hindsight…
dax40 bearishDAX broke its 4-hour uptrend. Currently, if it breaks the 18,980 support, it can gradually retreat to the 18,550 level.
DAX LONG FROM SUPPORT|
✅DAX is going down now
But a strong support level is ahead at 18,900
Thus I am expecting a rebound
And a move up towards the target at 19,200
LONG🚀
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GER40 BUY POSITION Trendline Breakout and Retest, additional Double Top Reversal Pattern confirming change of Market direction
DAX Bearish Outlook with Key Levels and Bullish Reversal PotentiDAX Technical Analysis:
The price dropped and reached our target of about 280 points from 19260
Today, DAX still remains in a bearish trend as long as it trades below 19100, with further downside targets at 18970 and 18780.
The price must close at least a 1-hour candle above 19110 to do a bullish correction till 19260, and then the 19260 shift should be broken into a bullish trend.
Key Levels:
Pivot Point: 19100
Resistance Levels: 19250, 19330, 19490
Support Levels: 18970, 18780, 18650
Trend:
- Consolidation 19100 and 18970
- Bearish while under 19100
- Bullish by breaking 19110
previous idea:
DAX TodayDAX Today for me is still short.
this is my view just my
Remember about risk and BE and Closed
Wed 2024 10 02 - Short -||| Stats |||
Stats Day:
** 08:00 H4 double color, - NO
** 09:30 VOLD ???, AD ???, Senti +3, Agio St ???, Lg ???, - Range
** 09:45 VOLD ???, AD ???, Senti -11, Agio St ???, Lg ???, - Range/Long/Short
** 16:15 VOLD ???, AD ???, Senti ???, Agio St ???, Lg ???, - Range/Long/Short
Stats Week:
** Fri US NFP 14:30: - pending,
** Mon Morning rule, - Fr turn, exp Tu We break flag upside,
** Tue return to W1 trend and not a W1 trend change, - pending
Stats Month:
** Oct turn,
** Mid Nov end,
Stats Year:
** US Election,
||| Trade Taken |||
Trade Taken:
** Time frame:
* H3
** Time:
* 12pm,
Set-Up:
** Trigger for trade:
* Momentum Short,
* Senti +22,
* VOLD AD
** Mom Width:
* 6 candles - strong,
** Mom Type:
* 3rd directional - risk at last Mom turn,
Risk Reward:
** Risk:
* last Mom Turn,
** Target:
* R 1:1 as momentum at against trend
DAX Buy this pullback, the rally will be resumed.DAX has completed 3 straight red days.
At the same time it has been rejected on the Rising Resistance from April.
We don't think this is the start of a larger correction, as the same rejection back in late 2023 was contained above the 1day MA50 and then resumed the rally to the 1.618 Fib.
Buy and target 20200 (Fib 1.618).
Follow us, like the idea and leave a comment below!!
Little Short-SnackHere is just another Snack for today maye or maybe not. I need to write something here, so i can post my trades but i dont know what exactly i can add to this
DAX: Anticipating a Healthy Retracement Amid Weak Eurozone DataThe DAX is showing signs of losing momentum after three consecutive bullish days, despite making new highs. Technically, it’s time for a healthy retracement towards the 19,100 zone to provide a solid base for continued bullish action. I plan to take advantage of the pullback, profiting from the downside move. If the price spikes and hits the stop loss, I will reenter the trade once the setup confirms itself again.
Technical Analysis:
• The 4H chart suggests that the market is struggling to maintain bullish momentum after the recent highs.
• A retracement towards 19,200 is expected, aligning with key support and Fibonacci levels, which would signal a healthier continuation of the uptrend.
• The price action appears to be in need of consolidation before further bullish progression.
Fundamental Analysis:
On the fundamental side, the Eurozone economy continues to struggle, as reflected in the recent PMI data. Manufacturing PMI figures across Europe are underwhelming, with most of the key economies showing contraction or slower growth:
• Spanish PMI (53.0) exceeded expectations, but other economies, such as Italy (48.3) and France (44.6), show weaker performance.
• The overall sentiment in the Eurozone remains fragile, which may further support the case for a pullback in the DAX index before any sustained bullish moves.
Given the technical and fundamental outlook, I’m positioning for a retracement in the DAX, expecting a drop to 19,100. If the trade does not play out and spikes toward my stop loss, I’ll be prepared to reenter once conditions align again. It’s essential to stay patient and trust the setup.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
DAX Bearish Below 19,260, Bullish Reversal Requires Close AboveDAX Technical Analysis:
The price has dropped and successfully reached our target of 19,100.
Today, DAX remains in a bearish trend as long as it trades below 19,260, with further downside targets at 19,100 and 18,970.
To shift into a bullish trend, the price must close at least a 1-hour candle above 19,260.
Key Levels:
Pivot Point: 19260
Resistance Levels: 19330, 19490, 19720
Support Levels: 19100, 18970, 18780
Trend:
Bearish trend as long as trades under 19260
previous idea:
GER30 LONG BUYStructure: The chart displays a rising wedge formation, which is generally a bearish pattern, but in this context, it appears to be approaching the upper boundary of the wedge. The chart also highlights a Fibonacci retracement zone (between the 0.5 and 0.618 levels) where a potential entry point could occur. The price has been consolidating within this wedge, and there seems to be a potential breakout scenario developing.
Trade Setup: The trade idea here appears to be a potential breakout to the upside. The target price is projected within the green area, above 18,800 points, aiming for a continuation of the current bullish momentum. The stop loss is strategically placed below 17,526 points in the red area, to protect against a possible bearish reversal if the wedge fails to hold.
