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2024-11-20 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Neutral. More sideways, all given levels still valid and another disappointing day for the bulls. Also a perfect doji when US closed. If you missed my weekly and the update from yesterday, catch up on those. Otherwise move on. comment: Neutral market around 19150. No deeper meaning until we see the next big move which also closes at the lows or highs. Range and pattern is getting too tight and we will likely see the big move tomorrow or Friday. current market cycle: trading range key levels: 18800 - 19360 bull case: No side has an advantage here. Midpoint of the weekly range is 19114 and market closed us session at 19143. Above 19300 we likely go to 19359 and if we break above that, we go much much higher. Invalidation is below 18869. bear case: Bears did not dip below 19000 which was good for the bulls but still a daily doji, so no deeper meaning. Bears want a daily close below 19000 bad. If they get it, chances are high that this bull trend is over and we will see much lower prices. Until then, play the range and don’t swing for the fences. Invalidation is above 19350. short term : Neutral. Max bullish above 19360 and max bearish below 18860. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Market made only lower highs since bar 33 and selling it was ok on bar 42 or latest 55. Reasons to exit was bar 59 if bar 60 would have traded above it but it did not so bar 61 was a decent bull bar and 62 good follow through, had to get out of longs there latest. Could you also go long then? I would not. Too big of a risk that 15m 20ema is resistance and market is trying to test breakout price from bar 48, which it could not even get up to. I also think buying the double bottom 75 + 77 was ok.
EUREX:FDXSZ2024
by priceactiontds
2024-11-19 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Neutral. Lower lows and lower highs but a nasty reversal from 18869. The buying was strong but still not good enough for the bulls to take control again. Bears are showing decent selling pressure but getting nowhere. I do think market wants to test higher tomorrow. 19250 is the first target, followed by 19300 and 19350. If 19200 turned resistance and bulls show weakness again, bears might do a real one and get to 18500. There is absolutely no more support until 18500 for the bulls. comment: tl;dr covered most of it. We closed in the middle of the current range, which is as neutral as it gets. I still favor the bulls but I was also wrong about the two previous sell offs and new lows, so maybe take my bias lightly. Market is in balance around 19150 and we have clear support and resistance for a week, despite the marginally lower lows. 18900 - 19330 is the range, play it until we have a 1h close above or below. current market cycle: trading range key levels: 18800 - 19700 bull case: Bulls need some follow through badly. 19250 and then 19300. If they break above 19360 tomorrow, we print 300 points higher. Invalidation is below 19100. bear case: Below 19100 bears take control again and I think the market can only do one thing so many times until one side gives up big time. If bears manage to print another low below 18869, we go down hard to 18500 or lower. Bears want to keep this below 19200. Invalidation is above 19350. short term: Neutral. Max bullish above 19360 and max bearish below 18860. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Shorting the open due to news was amazing. Also buying 18900. Both trades were mostly momentum based but we also had a quadruple top to sell and a double bottom to buy. Hope you took at least one of them.
EUREX:FDXSZ2024
by priceactiontds
2024-11-18 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - 19350 was my line in the sand for bulls to conquer and high of the day was 19359. Bulls doing their best to make 19150 support again and if it holds a third time tomorrow, we could see 19400 if bulls move above 19350 with some force. No interest in selling this. Play the range 19150 - 19350 until it’s broken. comment : Not a bullish close but bulls kept it above 19150 and that’s the breakout price and very important to hold. Below 19140 I expect 19000 again. Only objective for the bulls is to move with force above 19350 so we can melt higher to 19600+. No interest in selling this. Otherwise not much to write about on a sideways day, so have a look at my weekly outlook. current market cycle: trading range key levels: 18900 - 19700 bull case: 200 point range which will likely break tomorrow and I do think the upside breakout is more likely than to the downside. Bears now tried 4 times to get below 19150 and they could not do it again. Bulls are defending their spike from Thursday and that means higher prices are likely. Invalidation is below 19140. bear case: Bears failed 4 times at 19150 now. They will probably give up soon and will try again around 19500. If they break below the current range, a retest of 19000 is most likely. Can’t see this going below 19000 again for now. Invalidation is above 19350. short term: Neutral inside given range but any long below 19200 is reasonable. I lean bullish to break above 19350 and print a new ath this week. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Shorting previous resistance 19350 was good for 200 points.
EUREX:FDXSZ2024Long
by priceactiontds
#202446 - priceactiontds - weekly update - daxGood Evening and I hope you are well. tl;dr dax xetra: Neutral. Market dipped below previous support bears could not close at the lows and market reversed to trade back above the big number 19000. Bears had a great setup with the head & shoulders and it failed. If bulls can get above 19350 again, many bears will probably give up and only try again above 19500. Daily close below 19000 will probably be the death signal for prices above and we go down to 18000. I still don’t know if we print 18000 before 20000 but I do think we will see both prices this year. Quote from last week: comment: Bears failed at 19000 which keeps 20000 alive and it’s more likely that we continue sideways than a break to the downside. Above 19600 I would favor the bulls to get it to a new ath and potentially to 20000. Wednesday was the most important day last week and I would join either side above or below that bar. Otherwise there is currently no deeper meaning of this trading range near the ath. comment : Another week where I can’t make up new stuff. Bears dipped below 19000 and again but could not close below it even once. Market is in balance around 19200-19300 and until we have a daily close below 19000 or above 19400, we will continue to oscillate around that range. It’s maybe slightly more bearish because we have closed 4 consecutive days below the daily 20ema. current market cycle: trading range key levels: 18800 - 20000 bull case: Bulls kept the market above 19000 but they fail too much against 19300. If the market can’t close above 19300 early next week, I think many bulls could give up on the chase for higher prices. Bulls do not have many arguments as of now, besides keeping it above 19000. Invalidation is a daily close below 19000. bear case: Bears are reasonably strong to prevent higher prices but since they can not close below 19000, we are moving sideways inside the range. I have no idea which side will show strength first next week. I do think it’s 50/50 for both sides and I would only join if it’s clear who is in control again. As a bear, I don’t think one can hold short if market goes above 19300 again. Invalidation is above 19300. outlook last week: short term : Neutral 19000 - 19700, bullish above for 20000. I do think the triangle could play out some more and I am currently more willing to buy below 19200 than to short 19600. → Last Sunday we traded 19215 and now we are at 19210. 5 points on the week. Outlooks do not get any better. short term: Neutral 19000 - 19300, bullish above for 19600 or higher. Daily close below 19000 is worst case for bulls because there is no more support until 18200. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None chart update: Highlighted the bull flag but nothing else.
XETR:DAX
by priceactiontds
2024-11-14 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - 19300 was the first target and bulls could not get above, since overall markets were very weak today. 19600 is still my target for tomorrow, if we stay above 19200. If US bulls do not want to reverse hard tomorrow and we have an overall weak market again, dax will likely close the week around 19100 or below. comment : Bulls listened and we got the huge reversal up. Measured move up target is 19600 and then there is no reason why we can’t make a new ath. Tomorrow is Friday and Opex, so we will likely see a huge move. Bias is still full bull, 1h 20ema should be support. Below 19200 bears will likely take control again and we can close the week below 19100 or around 19000, which would be bearish going into next week. current market cycle: trading range key levels: 18900 - 19700 bull case: Said the most in my comment. Watch if market holds it above the 1h ema and 19250ish. Also keep an eye on the other big indexes, if they are all weak again tomorrow, dax will likely not close the week above 19300. Invalidation is below 19200. bear case: Bears gave up early today, which was expected after today’s strong reversal from 18905. Will bears fight this at 19300? I can only see this happening if most markets are weak tomorrow. The leg up was very strong to expect a second one and the measured move up is 19600. Bears can not hold short if this goes above 19400 and the buying will accelerate then. Invalidation is above 19400. short term: Bull if we stay above 19200/19250 or 1h 20ema - target 19600 or higher. If all markets are weak, we could close the week below 19000 but I can’t see this for now. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: I gave the long yesterday and it was good for 200+ points. Hope you made some.
EUREX:FDXSZ2024Long
by priceactiontds
DAX D1 | Potential rebound off overlap supportDAX (GER30) has reacted off an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 18,947.26 which is an overlap support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 18,670.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 19,446.80 which is a pullback resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:GER30Long
by FXCM
2024-11-13 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Bullish. 95 points below huge support is something. I banged my head against that wall today. Still think the bullish read is good, since market reversed for 200 points from the lows. Bear trend line needs to be broken and then we will likely see 19600 tomorrow or Friday. Below 18900 we flush down to 18500. There is no more support for the bulls and they either get a huge reversal day tomorrow or we will crash down and likely won’t trade above 19000 for a long time. comment: Market had it’s spike below 19000 and is now free to squeeze late bears. First target is 19300 and I think we can print 19600 this week. If it drops below 18980 again, I am wrong and we are most likely on our way to 18500, followed by 18300. Tomorrow is bulls last chance to keep it at the highs or the head & shoulders triggers and measured move down is 18300ish. current market cycle: trading range key levels: 18900 - 19700 bull case: Bulls need a break above the bear trend line and are then free to melt up and squeeze late bears. I don’t think they can let the market dip below 19000 again or they risk a flush down. Confirmation for the bulls is above 19200. Invalidation is below 18900. bear case: Bears outdid themselves with a 95 dip below huge support. They want to stay inside the nested bear wedges and continue down. They should keep it below 19130 or the market turns neutral again. Invalidation is above 19200. short term: Last try to be a bull. Stop is 18900 but I will only go long if I see big buying pressure tomorrow. Below 18900 this bull show is over. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Selling anywhere near the 1h 20ema was amazing. Again.
EUREX:FDXSZ2024Long
by priceactiontds
DAX may have topped alreadySince mid-August, the German index has risen nicely, gaining 2,000 points, or around 10%. However, at the end of October, the GER30 broke below its rising trendline, suggesting a potential top. Currently, the price is consolidating within a range, and a break below 19,000 could indicate a future decline. Key support levels are at 18,300, followed by 17,300. If you expect the index to stay below 20,000, selling rallies around 19,300 could be a viable strategy.
XETR:DAXShort
by Mihai_Iacob
4
2024-11-12 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Bullish. Any long near 19000 is a very good trade until we clearly break below 19000. Market is in a clear trading range 19000 - 19648. Maybe bears will retest 19000 tomorrow but it could also just continue to move up from US close. Only a daily close below 19000 would change things. BTFD. comment: Daily chart continues to show alternating bull/bear bars and getting bearish around 19000 can only go wrong. If bears manage to continue below 19000 and close there, that would certainly change things big time but for now it’s a clear range, so play it. current market cycle: trading range key levels: 19000 - 19700 bull case: Bulls need to trap late bears and a bull trend during the asian session would help big time. Targets above are 1h 20ema at 19240 and then trying to break above the bear trend line. 50% retracement is around 19300 and this is the magnet we are oscillating around. Any long near 19000 is reasonable. Weekly 20ema for futures is 19100 and market could not close below it. Weekly on xetra is 18850, can we get there? Possible but for now I don’t think it’s more likely than a reversal up. Invalidation is below 19000 (maybe give it 30-50 points of room). bear case: Bears have going for them that they keep it below 19600 and the rejections are strong. On the weekly chart we now have made lower lows for 4 consecutive weeks but what do the bears accomplish? Bulls buy every dip and despite 4 bear weeks, we have gone nowhere. Until bears trap bulls with big selling below 19000, this will not change and we continue sideways. Bears need to keep this below 19250 to keep the momentum going. Above 19250 I heavily favor the bulls for 19300 and ignore the bear trend line and just move higher again. Invalidation is above 19300. short term: Bullish as long as we stay above 19000. Target above is 19600 and 20000 if bulls get freaky again. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Selling anywhere near the 1h 20ema was amazing.
EUREX:FDXSZ2024Long
by priceactiontds
DAX to find buyers at current market price?GER40 - 24h expiry Offers ample risk/reward to buy at the market. Posted a Double Bottom formation. Our short term bias remains positive. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. The sequence for trading is higher highs and lows. The trend of higher lows is located at 19280. We look to Buy at 19230 (stop at 19110) Our profit targets will be 19530 and 19610 Resistance: 19350 / 19420 / 19567 Support: 19200 / 19100 / 19003 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:DE30EURLong
by OANDA
DAX H4 | Falling to swing-low supportDAX (GER30) is falling towards a swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 19,200.33 which is a swing-low support. Stop loss is at 18,990.00 which is a level that lies underneath a multi-swing-low support and the 127.2% Fibonacci extension level. Take profit is at 19,537.25 which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:GER30Long
by FXCM
DAX: The 1D MA50 is holding. Expect rally.DAX is neutral on its 1D technical outlook (RSI = 53.908, MACD = 41.600, ADX = 23.126) as the price has been basically ranging since November 6th. The dominant pattern is still a Channel Up and it has held the 1D MA50 as support on multiple attempts since October 31st, which is a clear technical signal of an upcoming rebound. The last two HH tops were priced on the 1.786 Fibonacci extension and that is our target for this month (TP = 20,150) See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40Long
by InvestingScope
2024-11-11 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Neutral. Bulls need a strong move above 19600 for higher prices and bears a 1h bar close below 19500. Leaning very slightly bullish because overall market environment. On the daily chart the market is printing alternating bull/bear bars so your guess is as good as mine when this will end. For now it’s best to scalp and fade the extremes. dax futures comment : Slightly bullish bias was right and market just want higher since Globex open. 19600 was rejected as it was last week but at least bulls made higher lows and higher highs again. 19500 is a tough spot for a trade as of now. If bulls can keep it above that price, that would bring much higher prices in play. If we close a 1h bar below, we likely test down to 19350 or lower. current market cycle: trading range key levels: 19000 - 19700 bull case: Bulls had a decent day but inside prior range and they got rejected at previous resistance. Buying above 19500 was not profitable so far and that did not change today. Best for bulls would be to make 19500 support and poke 19620 enough times until bears give up. It’s currently in a week channel upwards or a trending trading range or whatever you want to call it, it does not matter because you trade them the same. Invalidation is below 19000. bear case: Bears need a 1h bar close below 19500 or more bulls will join the buying above 19500. The rejection from 19600 was reasonable strong but in an overall maximum bullish environment, this market will have a hard time going down. If we look at the last 3 bears legs down, they get weaker and I do think many bears will give up, if bulls try to push through 19600 with force. Another way to look at this from the daily tf is that bears prevented the bulls from a daily close above 19500 for 2 weeks now. This can only continue so much until bulls give up. Both sides have reasonable arguments and this is almost always the case in trading ranges. Invalidation is above 19800. short term: Neutral. Bulls need a strong move above 19600 for higher prices and bears a 1h bar close below 19500. Leaning very slightly bullish because overall market environment. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Any long before EU open with stop 19250 was reasonable and then after the move above 19500 it was tough. At that point 19600 was very likely but stop was very far away for a limited upside. The sell off from 19620 down to 19450 was much stronger than I expected.
EUREX:FDXSZ2024
by priceactiontds
DAX H1 | Rising into swing-high resistanceDAX (GER30) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 19,447.05 which is a swing-high resistance that aligns with the 78.6% Fibonacci retracement level. Stop loss is at 19,593.00 which is a level that sits above a swing-high resistance. Take profit is at 19,174.20 which is a swing-low support that aligns close to the 61.8% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:GER30Short
by FXCM
#202445 - priceactiontds - weekly update - daxGood Evening and I hope you are well. tl;dr dax xetra: Neutral. Choppy week with going nowhere. Market was moving sideways while other markets melted higher. Can’t be anything but neutral, since market is contracting in a tighter range. If I had to guess, I’d say bulls have a slightly higher chance of printing a new ath than bears breaking below 19000, just due to overall market euphoria. If bears break below 19000, measured move down is 18000. Bullish break above 19700 and we go for 20000. Buying below 19200 has been profitable for 2 months and I don’t expect it to fail next week. Quote from last week: comment: Big week for the bears since they broke the bull rally and most recent trend line, which turned the market neutral at previous support. Now comes the most important price action for the coming weeks. If bears get their strong second leg down, we will see 18200 in November, if we go sideways from here, odds drop for the bears and market is probably ranging more at the highs. It would also keep the possibility alive to print 20000 this year. The timing of the selling was in between very good earnings and mediocre outlooks. If we continue down, this would probably mean funds want to secure profits in this year and the selling could accelerate. comment : Bears failed at 19000 which keeps 20000 alive and it’s more likely that we continue sideways than a break to the downside. Above 19600 I would favor the bulls to get it to a new ath and potentially to 20000. Wednesday was the most important day last week and I would join either side above or below that bar. Otherwise there is currently no deeper meaning of this trading range near the ath. current market cycle: trading range key levels: 18900 - 20000 bull case: Bulls failed on Wednesday where they were rejected big time from 19560 for 500 points down. They have been printing higher lows since and now they need a break above 19600 for 19700 and then potentially 20000. As of now the market is in balance around 19300 and the triangle will play out some more. Any long below 19200 has been profitable for a month, so look for longs in that area, until it’s clearly broken. Invalidation is below 19000. bear case: Even with the big reversal on Wednesday, bears do not have much right now. Support is holding and market is spiking up, rather than below. As long as bears can’t print a daily close below 19000, it is useless to look at this from a bearish point of view. Even if bears get below 19000, the weekly 20ema is around 18800, so the downside is probably very limited, while bulls have the big target 800 points higher. Invalidation is above 19700. outlook last week: short term: Bearish for a second leg down, as long as we stay below 19400. → Last Sunday we traded 19254 and now we are at 19215. Monday and Tuesday were nothingburger and Wednesday crossed my invalidation line pretty fast. Wrong outlook anyway. short term: Neutral 19000 - 19700, bullish above for 20000. I do think the triangle could play out some more and I am currently more willing to buy below 19200 than to short 19600. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None chart update: Changed two legged correction into 3 legs down, target is the same for now.
XETR:DAX
by priceactiontds
DAX H4 | Falling to pullback supportDAX (GER30) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 19,351.22 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 19,260.00 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level. Take profit is at 19,624.78 which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:GER30Long
by FXCM
1
2024-11-07 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Neutral. Bullish read was perfect and good for 300+ points. Now the air gets thinner again. Above 19500 longs are probably not a good trade since the downside is sub 19100 and upside probably limited to 19700 max. If market holds above the 1h 20ema tomorrow, I’ll try longs but if now, we could see some profit taking again. comment : Hope you took the amazing longs today. Now it’s very tough to be a bull above 19500. We have big rejections from 19500 and 19600 on Wednesday and we have to assume that these prices continue to be resistance. If you want to buy this you would have to risk down to 19080 to make maybe 100 points. Not a good trade. I would rather try to scalp for 10-20 points than coming up with good trades from 19500. I will look for longs near the 30m or 1h 20ema, if they show to be support. No shorts until US starts the selling too. current market cycle: trading range key levels: 18900 - 19700 bull case: Bulls want to retest 19650 and then also the ath at 19802. No reason to not get there because we have multiple measured move targets or patterns that lead there or higher. 20000 is still possible, if we get follow through buying tomorrow. If you are thinking “this can’t go higher, the german economy is a dumpster fire and all news are beyond bad blablabla” I got bad news for you. This has nothing to do with any logical reason to trade near the ath. Everyone who wanted to short this because of logical reasons already has and market is moving where the least resistance is. Call it a pain trade if you will. We have 2 years of negative GDP print and dax is going for 20000. Stop looking for reasons why markets are doing stuff. Senseless waste of time and energy. Invalidation is below 19000. bear case: Bears want to keep 19500-19650 resistance to prevent more bulls to join for 19800 or 20000. I would not look for shorts to be honest. US markets are unstoppable and you would try to short during a euphoric wave. I do think below 19400 more bulls would cover again and we can trade to 19100 again but I would only join them on strong momentum but I still favor the bulls to print 20000 rather than bears selling this down below 19200 again. Invalidation is above 19700. short term: Neutral. Leaning slightly bullish if we just continue higher and we have a clear support with the 30m or 1h 20ema. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: Took most off on 19500, leaving runner for 20000. trade of the day: I called the long and long it was.
EUREX:FDXSZ2024
by priceactiontds
Germany is destined for upside to 20,893 according to thisWe have seen a textbook Falling Wedge form on the Daily with the Dax. It seems like there has been a consolidation (range bounded) move before the next direction. So looking at the indicators and sentiment of the markets, in the medium term it looks like DAX is destined for upside. Along with the main markets like S&P500 and Crypto. We just need the price to break above 20MA and we could see the next target at 20,893 WHat do you think?
XETR:DAXLong
by Timonrosso
EUR/USD: PAT + VPA 10/21/2024Good morning, I will be monitoring the daily candle close today, anticipating a bullish pullback or reversal to develop over the next few weeks. Several indicators have pointed to this: 1. The weekly chart has surpassed the previous high established on December 25, 2023. Currently, the price is attempting to retest the Demand zone that led to the breakout of that high.. 2. The weekly demand zone is identified between 1.0775 and 1.0825. Pay attention to the key level at 1.080, as it appears to be setting up as a robust support level for the currency pair. 3. The market has declined approximately 400 points since September 27, 2024, showing minimal pullbacks on a daily basis. Notably, this price drop has formed a double top without a genuine next line test. I anticipate that prices will rebound to around 1.100 in the coming weeks. A break below 1.100 could trigger a long-term retracement back to the highs at 1.200. Volume signature indicates that market makers are gradually exiting the trend. The weekly outlook remains bullish and is expected to dominate. It's important to note that the weekly chart is currently retesting the bearish flag it broke out of between June 24, 2024, and August 19, 2024. TVC:DXY OANDA:EURUSD XETR:DAX
Long
by ThePipAssassin
17