Happy New Week, Happy Monday,
13400 level is still important for DAX. But the battleground is now between 13250 & 13700 for this week
Macro US Chicago Fed National Activity Index
Buy
Break: 13 480, 590, 685
Reversal: 13 440, 360, 250
Sell
Break: 13 450, 375
Reversal: 13 530, 600, 710, 780
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
13400 level is still important for DAX. But the battleground is now between 13250 & 13700 for this week
Macro US Chicago Fed National Activity Index
Buy
Break: 13 480, 590, 685
Reversal: 13 440, 360, 250
Sell
Break: 13 450, 375
Reversal: 13 530, 600, 710, 780
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Trade closed: target reached
Trading using confluence fibs#Trade 1: Ping into blue level C. Entry on retest of green level
#ShortTrade 13480
SL 20 pts
TP1 3:1 ✅ 60 pts - 1/3rd
TP2 6:1 ✅ 120 pts - 1/3rd
TP3 9:1 ✅ 180 pts - 1/3rd
Total 360 pts. Average 120 pts with risk of 20 pts i.e. 6X
#TradeLessEarnMore
Trade closed manually
Trading using confluence fibs#Trade 2: Bearish engulfing break below Brown Mega Level C. Entry on retracement to green level
#ShortTrade 13323
SL 20 pts
TP1 3:1 ✅ 60 pts - 1/3rd
TP2 6:1 ✅ 120 pts - 1/3rd
TP3 6:1 ✅ 120 pts - 1/3rd - Closed on market close
Total 300 pts. Average 100 pts with risk of 20 pts i.e. 5X
#TradeLessEarnMore
Note
DAX behaved nicely with zones identified in the morning.But the reactions to levels of confluence fibonacci were phenomenal. I am switching to full fibonacci confluence trading now.
This zone chart
This confluence fibo chart
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Related publications
Disclaimer
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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.