16/11/2020 #DAX30 Pullback needed before further up
Price gapped up slightly and rallied with US to my first R level but now down almost 60 pts.
Bias to upside above 13058. Based on price action now, I see a possible re-test on that level before a decision is made.
Higher resistance are 13279.8, 13412.
If 13058 is re-tested and break, be cautiously bearish, look for shorts to 13013.2, 12990.4, 12922, 12854. In the unlikely event 12778 trades today, it will present a low risk buy level.
Bias to upside above 13058. Based on price action now, I see a possible re-test on that level before a decision is made.
Higher resistance are 13279.8, 13412.
If 13058 is re-tested and break, be cautiously bearish, look for shorts to 13013.2, 12990.4, 12922, 12854. In the unlikely event 12778 trades today, it will present a low risk buy level.
Komen:
As mentioned, price pullback to blue zone.
Join me for free on Patreon (www.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.
DM me to join my new group to learn all my trading levels and to trade together.