GERMANY 30
DAX - Inverse head and shoulders, buying dipsTrade Idea
A bullish reverse Head and Shoulders has formed.
Neckline support is 11850.
Price action looks to be forming a bottom.
Bespoke support is located at 11815.
Further upside is expected although we prefer to set longs at our bespoke support levels at 11815, resulting in improved risk/reward.
We look to Buy at 11815
Stop: 11750
Target 1: 12010
Target 2: 12200
DAX - Inverse head and shouldersLooks like this is getting away from our ideal entry level. However, it looks a good candidate to buy on dips on the short term.
Trade Idea
Broken out of the Head and Shoulders formation to the upside.
Positive overnight flows lead to an expectation of a firm open this morning.
Price action looks to be forming a bottom.
Bespoke support is located at 11750.
Further upside is expected although we prefer to set longs at our bespoke support levels at 11750, resulting in improved risk/reward.
We look to Buy at 11750
Stop: 11680
Target 1: 12070
Target 2: 12200
US30 LONGAnalysis team placed long on US30 @26011 with 2 targets on 27th August, 2019:
TP1 @26273.315
TP2 @26622.550
DAX - 4H - Bullish EngulfingA bullish engulfing has formed on the 4H chart of the DAX. This could mean a upswing for the next few candles.
DAX - Selling into the corrective rallyTrade Idea
Broken out of the Head and Shoulders formation to the downside.
We have a 38.2% Fibonacci pullback level of 11773 from 12598 to 11263.
The trend of higher lows is located at 11761.
There is scope for mild buying at the open but gains should be limited.
Preferred trade is to sell into rallies.
We look to Sell at 11770
Stop: 11820
Target 1: 11560
Target 2: 11450
German bonds increasingly steadilySome techniques i like to employed into my trading is:
- Creating a range using Last week Price Action
- Creating a range using Monday Price Action
Key levels Identified:
1) Last Week High
2) Weekly Open
3) H4 Resistance turns support
4) Monday High
DAX - Head and Shoulders topTrade Idea
Broken out of the Head and Shoulders formation to the downside.
Bespoke resistance is located at 12295.
There is scope for mild buying at the open but gains should be limited.
The formation has a measured move target of 11727.
Further downside is expected although we prefer to sell into rallies close to the 12295 level.
Stop: 12345
Target 1: 12055
Target 2: 11950
DAX LONGBuying opportunity on DAX. RSI divergence nearly oversold. 50% Fib support. 2:1 RRR.
Good Luck
DAX - Selling again todayDAY TRADE - EXPIRES AT 9PM
Trade Idea
Trading within a Corrective Channel formation.
Bespoke resistance is located at 12300.
There is scope for mild buying at the open but gains should be limited.
Broken out of the Head and Shoulders formation to the downside.
Preferred trade is to sell into rallies.
Expect trading to remain mixed and volatile.
Stop: 12465
Target 1: 12240
Target 2: 12135
Updates
The move to 12405 triggered our short trade
Updated: 2019-07-23 08:24:29
DAX - Head and shoulders top formation. Selling a rally.DAY TRADE - EXPIRES AT 9PM UK
Trade Idea
Trading within a Corrective Channel formation.
Bespoke resistance is located at 12400.
There is scope for mild buying at the open but gains should be limited.
Continued upward momentum from 12195 resulted in the pair posting net daily gains yesterday.
Preferred trade is to sell into rallies.
Expect trading to remain mixed and volatile.
We look to Sell at 12400
Stop: 12480
Target 1: 12130
Target 2: 12000
DAX coming to a brutal endFollowing the DB announcement of 18,000 job cuts, and the wider slowdown in Germany, stemming from Trade War squeezes on various industries, the ECBs money printing program is no longer driving the DAX higher.
Volume and price trending lower
DE30EUR (German DAX Index) long swing trade setupDE30EUR (German DAX Index) long swing trade setup
Buy: 12043.5
T1: 122135
T2: 12220.9
SL: 11938.8
