Long Scalp on DAXEUR.
Reasons to take the trade:
1. Major Bull Trendline test
2. Micro Double Bottom Pullback
3. Bullish Doji with long lower tail
4. Breakout Pullback to the EMA with double overshoot
5. It's an almost perfect 50% retracement of the last bull leg (that has a small one candle bear leg in the middle).
Reasons to Passe on it:
1. The last bear candle is bigger than I wanted, so this might be the first bear leg of the new trend.
Reasons to take the trade:
1. Major Bull Trendline test
2. Micro Double Bottom Pullback
3. Bullish Doji with long lower tail
4. Breakout Pullback to the EMA with double overshoot
5. It's an almost perfect 50% retracement of the last bull leg (that has a small one candle bear leg in the middle).
Reasons to Passe on it:
1. The last bear candle is bigger than I wanted, so this might be the first bear leg of the new trend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.