Updated

Deutsche Boerse DB1 - Continue to drop or reversal?

Using HeikinAshi candles and daily TF on Deutsche Börse shows that movement is in good agreement with ma (9-60) and rsi. Each price drop (from start until rsi reversal from 30) usually takes 13 to 70 bars. Currently we are at the 23th-bar.
Due to current doubts in market, it can continue to drop and test both support 1 and 2 but the recent observation shows that it is also a good point for its reversal.
Next few days are critical for to show if it continues to drop or reverse.

Trade active

It seems that is was a reversal although the fed speech in at 15:00 and the uptrend market can be the January effect.

I do long on DB1 with 2.3% win and risk-reward of 1.5

Trade closed: target reached

target has been reached. 5% profit in 9 days.

mohsen_og

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mohsen_og