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Germany 40 CFD

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GER40 trade ideas

25-07-2024_ Looking for shorts (GER 30) 1. Daily view - as we are looking for bearishness in a weekly range (MON-FRI) perspective,from Monday to Tuesday NY session price gives us the Judas swing - due to the Daily imbalance (BISI) a little confussion wether that BISI push price higher as we can see there are 4hr equal highs - And yesterday we got the conformation is that the Daily imbalance is no longer holding price and it inversed and now we can look for shorts after a Liq sweep, (targeting FRIDAY'S low) 2. Weekly view - we are looking for bearishness and if we continue the bearish OF we are most likely be reaching for the MAY and JULY low
FX:GER30Short
by Kothapally1
DAX Looks Supported todayYou can make an argument that the DAX is very overextended, as we have rallied quite drastically. The German DAX initially pulled back a bit during the trading session on Friday, but it does look as if there are buyers underneath, especially near the €16,600 level. This is an area that has offered support recently, and the fact that we have bounced from that bottom does suggest that we probably have further to go to the upside. Overextended? You can make an argument that the DAX is very overextended, as we have rallied quite drastically. The 16,000 level is an area that a lot of people have paid close attention to, and of course, it is a large, round, psychologically significant figure. Furthermore, the 50-day EMA is crossing the general vicinity, so I would be especially interested in buying the DAX on a pullback to that area. However, I also recognize that we may not pull back, rather we could just go sideways. Either way, we need to work off some of the excess froth, which is because we have gone straight up in the air since the end of October. Stocks are overbought worldwide, and the DAX of course is not going to be any different. If we were to simply rally from here, the €17,000 level is an area that a lot of people will pay attention to as potential resistance, as we have sold off from that area. It’ll be interesting to see how this plays out, because we are either going to see a pullback that buyers will take advantage of due to value, or we will go sideways. I will be watching the €16,500 level very closely because it is a short-term support level. If we break down below there, then we find even more value. During this time of year, I tend to put on small positions, and then build those positions up as the trade proves itself to be correct. This allows me to essentially “dollar cost average” on the pullback. With this, as exactly how I’m going to trade the DAX going forward over the next several weeks.
XETR:DAX
by Claramellorforex
2
GER 30 45 MDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
GLong
by Azif123