DAX/GER30 SHORT/LONG sequence Swing Trade +500/+500 points 🔸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 bee
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Bullish bounce off?DAX40 (DE40) has bounced off the pivot which has been identified as a pullback support, and could potentially rise to the 1st resistance, which is a swing high resistance.
Pivot: 24,271.20
1st Support: 24,027.32
1st Resistance: 24,626.98
Risk Warning:
Trading Forex and CFDs carries a high level
Buy Plan (DE40) Germany📈 Buy Plan (DE40)
Entry
After the breakout, price closed above resistance.
This confirms a buy opportunity.
Stop Loss (SL) 🚀
Placed below the recent strong support zone.
Take Profit (TP) 😘
Aiming for the next major resistance zone.
Risk to Reward
High reward compared to risk (around 1:3 or
GER30 H4 | Bearish dropGER30 has rejected the sell entry at 24,549.50, which is a multi swing high resistance that is slightly below the 61.8% Fibonacci projection and could drop from this level to the downside.
Sell entry is at 24,549.50, which is a multi swing high resistance that is slightly below the 61.8% Fibonacci
DAX uptrend continuation breakoutThe DAX remains in a bullish trend, with recent price action indicating a potential oversold rally within the broader uptrend.
Support Zone: 23790 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 23790 would confirm ongoing ups
Potential bearish breakout?GER40 is falling towards the support level, which is a pullback support. A potential breakout from this level could lead the price to fall towards our take-profit.
Entry: 24,005.71
Why we like it:
There is a pullback support level.
Stop loss: 24,405.92
Why we like it:
There is a multi swing high r
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Displays a symbol's price movements over previous years to identify recurring trends.
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