Ger30sell
Dax Trading Idea for 30.01 - 03.02 Short -> LongSell @11775 (+235/-125)
SL 11900
TP 11540
Buy 4 Positions @11540 (After reaching any TP move SL to this TP) (+960/-580)
SL 11395
TP1 11655 (+115/-145)
TP2 11750 (+190/-145)
TP3 11835 (+295/-145)
TP4 11900 (+360/-145)
Under 11322 Dax will fall down to 10970.
February will show us how Dax will continue.
Here you can see my LongTimeTrade for Dax(TP12200)
SHORT DAXWhat I am looking for is the market to continue getting rejected from the 2 red zones. This has happened on multiple occasions and if the market continues to fail to break above these zones then we want to be looking for shorting opportunities.
Trade is to short the market below the 10,527 level which is the orange dotted line.
Target for the trade will be the 10,200 level as a main target, however I will be taking profit at more immediate levels 30, 60, 90, 120, 160, 200, 250 points and then the 10,200 level which would be around 320 or so points.
Stop loss for this trade is going to be 10,635 on the short below 10,527
GER30 - Daily OpportunityWe will be looking for a pullback to previous resistance to enter new short in GER30 (D) with stops placed above highlighted green area. Breakout of upward sloping trendline was not convincing. If resistance holds, we will also have a double top pattern completion upon the break of the red neckline. We will wait for price action to indicate that new highs are unlikely prior to trade entry, rather than simply placing a limit order (offer) in the orange area.