DE30EUR 09-08 MovePair : DE30EUR ( Germany 30 Index )
Description :
Consolidation Phase
Impulse Correction
SMC - CHOCH
Bearish Channel in Short Time Frame
Fibonacci Level - 61.80%
De30eurforecast
DE30EUR (Long)Looking for a retracement back into the weekly 50% at prior support at 15792
-ITUProfessor
DE30 1hr Triangular pattern breakdown | Long positionHello Traders,
What's surprising is that while I'm preparing to post this entry, I've got the entry and the profit target has been reached, but I'm posting two more entries for the future.
If we look at the 1 hour chart this index was travelling in a descending triangular pattern. Now it has given a breakdown and currently the price is falling in this OANDA:DE30EUR index. In this, our best chance to take a long entry is at 15175 and the 2nd entry is 15050. Both are good entry points. So, the challenge for us is that when we take a long position, the index will be on a downward trend . So, the index will struggle to move up.
Thanks & Regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
DE30EUR $DE30EUR Initial LongDE30EUR $DE30EUR Initial Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
