DAX Index (GER30) Trade Setup – 1H Chart Analysis
The DAX Index (GER30) is showing signs of a potential bullish reversal from a key support zone. The price has reacted at 21,975.87, indicating a possible upward move. A retracement to the **62% Fibonacci level (22,534.21) presents an optimal buy entry with a well-defined risk-to-reward ratio.
Trade Details:
- **Entry:** **22,534.21** (62% Fibonacci retracement)
- **Stop Loss (SL):** **21,975.87** (Below the recent swing low)
- **Take Profit Targets:**
- **TP1:** **23,476.14** (0% Fibonacci level)
- **TP2:** **24,056.53** (38.2% Fibonacci level)
- **TP3:** **24,995.45** (100% Fibonacci extension)
Analysis & Justification:
✔ Key Support Confirmation** – The price bounced off **21,975.87**, a significant support level.
✔ Fibonacci Confluence** – The 62% retracement level aligns with historical reaction zones.
✔ Moving Average Resistance** – A breakout above **22,600** could confirm bullish momentum.
✔ Risk-to-Reward Ratio** – The trade offers a **minimum 1.7:1 ratio**, improving with higher TP levels.
The DAX Index (GER30) is showing signs of a potential bullish reversal from a key support zone. The price has reacted at 21,975.87, indicating a possible upward move. A retracement to the **62% Fibonacci level (22,534.21) presents an optimal buy entry with a well-defined risk-to-reward ratio.
Trade Details:
- **Entry:** **22,534.21** (62% Fibonacci retracement)
- **Stop Loss (SL):** **21,975.87** (Below the recent swing low)
- **Take Profit Targets:**
- **TP1:** **23,476.14** (0% Fibonacci level)
- **TP2:** **24,056.53** (38.2% Fibonacci level)
- **TP3:** **24,995.45** (100% Fibonacci extension)
Analysis & Justification:
✔ Key Support Confirmation** – The price bounced off **21,975.87**, a significant support level.
✔ Fibonacci Confluence** – The 62% retracement level aligns with historical reaction zones.
✔ Moving Average Resistance** – A breakout above **22,600** could confirm bullish momentum.
✔ Risk-to-Reward Ratio** – The trade offers a **minimum 1.7:1 ratio**, improving with higher TP levels.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.