Ger30sell
Ger30 ShortDax Price Action System 1 - Trade #191
Short @ 10.163,8 Stop Loss @ 10.245,1 Take Profit @ 9.960,5 Risk / Trade 0,82%
GER30 about to crashToo much confluence is going on in order for me not to have taken this trade
- Weekly res retest for 3rd time with no break through
-EMAs looking to cross over shortly
-D is the target
- Trend resistance also in play
-Price action candle shooting star/invert hammer
- Weekly and Monthly suggest downtrend also
(4h) The Dax Bearish Bat @10400$FX:GER30
Waiting for RSI Bearish Divergence;
With a validated double bottom at previous support by a broken neck, the price is facing some pressure at the middle of the ascending channel. Weekly resistance above, price reversal zone at 88%, the Bat is almost completed.
Targets:
The 38% retracement, and once there, close half position size and move Stops to breakeven.
The 618% retracement, it could forge the 2618 bullish trade setup.
Safe Trades;
Maybe time for short DAX soon ?It's not easy to pick the top, but soon it will come some correction down....
An Attempt to Decipher Ger30I do not know what will eventually happen,But until then, staying the OODA Loop I've tried to take pulse of the chart.
The bullish intentions have been made clear. Lets see which setups plays out eventually.
Would have been stronger if this close was above the large red candle on left. (off by some 40pips)
Hence this keeps the options of deep retrace very likely.
Especially for next leg up to Bollinger mid.(34 MA) which may meet price at the 10000 by then.
This down move likely to be to
- Retest of trendline break
- Retest of MA's 10
- 30-50% retrace of last 3 bulls weeks
- Test yellow resistance turned support zone.
