DAX or GER30 SHORT. Highly probable trade setup.
Updated
Hi Guys,
I found this highly probable advance harmonic pattern 'Bearish Butterfly' forming in DAX or GER30 or DE30EUR for very good short. With the given possible range from 27.20 to 161.80 extension of move of XA and RSI also entering into the overbought region, we can expect a good short entry provided supporting price action for this short. I believe if this happens then it could be very nice short for very handsome pips (maybe 1000 pips) as we are expecting reversal for long time.
This is just an educated guess no suggestions for short but if you feel so that this matches with your own analysis probably you can take it.
One of the previous idea attached below with this.
Thanks.
I found this highly probable advance harmonic pattern 'Bearish Butterfly' forming in DAX or GER30 or DE30EUR for very good short. With the given possible range from 27.20 to 161.80 extension of move of XA and RSI also entering into the overbought region, we can expect a good short entry provided supporting price action for this short. I believe if this happens then it could be very nice short for very handsome pips (maybe 1000 pips) as we are expecting reversal for long time.
This is just an educated guess no suggestions for short but if you feel so that this matches with your own analysis probably you can take it.
One of the previous idea attached below with this.
Thanks.
Trade closed manually
Note
Almost 800 pips and exact reversal from the market area. Very nice trade for the one who held it. Enjoy..:)
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