Turned long into short today for both DAX +AEX:
Reasons:
- Zoomed out trendchannel indicated reversal (batman's cape or triple top patern ==> freefall)
- 1day RSI: Overbought
- 4H + 1H had price action indicators to turn down
- Volume spike on 1H indicated the main trend changed.
- BB at daily topped
Profit:
SL: 10400 TP1: Reached today at 10240 TP2: 10175 TP3: Freefall gap: 9800
Reasons:
- Zoomed out trendchannel indicated reversal (batman's cape or triple top patern ==> freefall)
- 1day RSI: Overbought
- 4H + 1H had price action indicators to turn down
- Volume spike on 1H indicated the main trend changed.
- BB at daily topped
Profit:
SL: 10400 TP1: Reached today at 10240 TP2: 10175 TP3: Freefall gap: 9800
Note
Day 3: Stil moving down on dax, position stays open. Position on AEX closed, small pip proft.
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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.