DAX Long

TVC:DEU30   DAX Index
DAX after the breakout upward now backed to the range. Price achieve bottom edge of range and at this level buyers became active leaving a trail of bullish pinbar . It looks like long orders stop loss hunting preceding upward price movement. We are opening small long with Risk Reward Ratio 1:1 with stop below last pinbar and target near last high. Near 13020-13030 we will move SL to Break Even.
Kommentar: Profit protection: stop moved a few pips over open level.
Kommentar: Closed on stop with small profit.
Hey don't you think DAX is overbought,and sems that profit taking is in place.
investsoft Davybolero
@Davybolero, DAX after a long rising should fall or should make a solid correction but only market decide when it will happen. I was searching for a sell signal but last bullish pinbar on H1 forced me to think about small long trades. Many trades were also opening shorts when dax was consolidating near 12500-12600 but price has gone upper. DAX is a bit unpredictable and likes to make nonstandard actions. We will see.
Jour investsoft
@investsoft, there is lot of US money pouring into EU market. Cheaper. Still accumulation. Smart money waiting
@Jour, yes, accumulation is still valid.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden