🔸Hello traders, let’s review the 2hour chart for GER30/DAX. Strong recovery from recent lows, however price testing key resistance and support zones where major reactions are expected.
🔸Speculative setup defined by resistance at 24,500 and key S/R demand zone at 24,000. Both zones have recently been validated with +500 point reactions.
🔸Currently both resistance and support levels are respected and price action remains technical around these areas.
🔸Recommended strategy for DAX traders:
Short Sell at Market from resistance 24,500
SL above resistance, TP 24,200 / 24,100 / 24,000.
Buy & Hold Long from key S/R 24,000
SL below support, TP 24,300 / 24,400 / 24,500.
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RISK DISCLAIMER:
Trading Futures, Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
🔸Speculative setup defined by resistance at 24,500 and key S/R demand zone at 24,000. Both zones have recently been validated with +500 point reactions.
🔸Currently both resistance and support levels are respected and price action remains technical around these areas.
🔸Recommended strategy for DAX traders:
Short Sell at Market from resistance 24,500
SL above resistance, TP 24,200 / 24,100 / 24,000.
Buy & Hold Long from key S/R 24,000
SL below support, TP 24,300 / 24,400 / 24,500.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures, Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
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🔱Syndicate Black MT4/MT5
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Disclaimer
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taplink.cc/black001
🔱Syndicate Black MT4/MT5
⚡️Gold/FX Auto-Trading bot
🔱100%/week max DD <10%
📕verified 500%+ gains
🏧GOLD EA target 100%+ gains/week
🚀supercharge your trading
💎75% win rate gold signals
t.me/syndicategold001
🔱Syndicate Black MT4/MT5
⚡️Gold/FX Auto-Trading bot
🔱100%/week max DD <10%
📕verified 500%+ gains
🏧GOLD EA target 100%+ gains/week
🚀supercharge your trading
💎75% win rate gold signals
t.me/syndicategold001
Related publications
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.