Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
DAX looking to complete a recovery
2019-11-11 • Updated
DAX has been trading in a bearish bias since several weeks ago and it posted another fresh low at 11871. Around that area we can expect a further recovery in order to test the 200 SMA at H4 chart, which coincides with the zone provided by the 50% Fibonacci level at 12733. That area should produce pullbacks and push lower to the index towards the -23.6% Fibonacci level at 11871.
RSI indicator is entering the positive territory, favoring to the bullish recovery.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...