Lots of selling yesterday (27 Oct) for #DAX30 #FDAX, closing at the lows.
Selling pressure still on but there might be possibility of pullback. A lot of room to play for the pullback.
12162-86 will present a low risk short zone with purple lines 11940, 11986, 12050, 12110 resistance along the way.
If 12162-86 does not hold, 12230 should cap high of day.
Below targets are 11828, 11720. In the event of panic selling, 11490 should cap low of day - low risk buy level.
Selling pressure still on but there might be possibility of pullback. A lot of room to play for the pullback.
12162-86 will present a low risk short zone with purple lines 11940, 11986, 12050, 12110 resistance along the way.
If 12162-86 does not hold, 12230 should cap high of day.
Below targets are 11828, 11720. In the event of panic selling, 11490 should cap low of day - low risk buy level.
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
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.