Happy Independence Day to all my Indian brothers & sisters,
It is peak of summer vacation in Europe so expect choppy jumpy moves
Macro Nothing of great significance today
Line in the sand for DAX is 13830. A break below will bring some selling. A move above 13870 may start another run.
Buy
Break: 13875, 13955, 13990, 14030
Reversal: 13795, 13715, 13645, 13565
Sell
Break: 13805, 13725, 13650
Reversal: 13970, 14000, 14040, 14120, 14200
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
It is peak of summer vacation in Europe so expect choppy jumpy moves
Macro Nothing of great significance today
Line in the sand for DAX is 13830. A break below will bring some selling. A move above 13870 may start another run.
Buy
Break: 13875, 13955, 13990, 14030
Reversal: 13795, 13715, 13645, 13565
Sell
Break: 13805, 13725, 13650
Reversal: 13970, 14000, 14040, 14120, 14200
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Trade active
#Trade 1: Bearish break of the demand zone 1. Entry placed at the top of the box#ShortTrade 13806
SL 20 pts
TP1: 3:1 (60 pts)✅Stop to entry
TP2: 6:1
TP3: TBD
#EasyPeasy #DayTrade when you #PlanYourTrades & #TradeYourPlan
DAXTrade closed manually
Closed the trade after break of previous high and reversal from just above demand zone 2. Still got 1:1 on 2/3rd of the position.Overall 3:1 on 1/3rd and 1:1 on 2/3rd
Note
DAX behaved well with the levels today. Small range due to vacation.
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Find my daily analysis + trades live & FREE 🆓 💰
👉🏼twitter.com/trading_indian
Learn my strategy and get indicators & tools 👉🏼tradingindian.com
👉🏼twitter.com/trading_indian
Learn my strategy and get indicators & tools 👉🏼tradingindian.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.