Daily analysis and trade setups on DAX Ger30 20220808

Aug 8, 2022

Happy New Week, Happy Monday,

Nothing significant on economic calendar today. With academic vacation & summer in full swing, markets may range unless some geopolitical development happens.

DAX is likely to 13580 & 13770. Breaking of those H or L will bring some movements.

Today's line in the sand is 13620.

Buy
Break: 13680, 13750, 13820
Reversal: 13575, 13540, 13470, 13410, 13330

Sell
Break: 13610, 13585, 13550, 13480, 13420
Reversal: 13700, 13770, 13830, 13900, 13975

Green Goblin levels are here >>


Confluence levels are here >>

Aug 8, 2022

Note

DAX covered 51% of projected range. 2 #winningtrades with 147 pts profit

#WinningMonday #TradingPlan & #TradingView #chart published in the morning worked well

Sell zone placement should be 20pts higher