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Germanindex

Long DAX (Germany 30)Today’s trading idea is coming from the German index- DAX. During the day it sold off down to the closest intraday support at 12075. Buyers supported the price and it shot up to over 12175. This left a daily bearish rejection on the chart of this index. The daily candle is a pin bar and it seems logical that the next move will be up. Based on today’s activity, my possible long entry will be at around 12150. My stop-loss will be placed just under the low of the pin bar at 12035. I will be looking to take profit at around 12260 and then 12400– depending on price action. I will be extra cautious with this trade, because price is close to a major top, so even if I trade it, it will be a smaller size.
FX:GER30Long
by colibritrader
Making its way towards weekly Bat completion The False Breakout that the DAX made few weeks ago when he declined below a daily uptrend line and immediately climbed back above signaled the bulls to come back... Last week we saw the bulls pushing the price back up from the Fast MA line - The bullish trend is still strong. The price is about 2% away from the completion of a weekly Bat pattern near the psychological level -12,000. Only a close below 11,500 will violate this short term bullish scenario. I'm waiting for the DAX near 12,000... will be interesting Read more of my ideas in the weekly newsletter - link in signature
FX:GER30
by themarketzone
1
DAX | DAILY, D1 | BUY follow the LONG opening and make LONG-BUY* * * news from today * * * IT COMES A NEW ELECTED PRÄSIDENT (possible favorite Mr. Steinmeier) FOR GERMANY. check the LONG-BUY opening betweeen the lines above and fallow all day long an upward trend. so that just make a BUY-order. ---------------------------------------------------------------------------------------------------------- ATTENTION! this is a test-analysis on the demo-account. please don't try it on your real account.
TVC:DEU40Long
by VFXtrade
1