So this is more of a longer term trade but a very profitable one. The GER30 is at a weekly resistance level.
It has tried a breakthrough at point A where the price action wasn't strong enough to break through. It then tries again at point B to which it fails and then takes a big dip. It then rises back up to retest the resistance at point C in which it gives a false break out. Now for a 4th time were re approaching the resistance level, however, we have Divergence on the histogram and the RSI signifying a decrease in strength of the price action. This will be a good short trade. Ill, release a second analysis when I believe the short trade will be ready to enter. If this does break through then the trade becomes invalid and this then becomes a long trade. Always wait for confirmation. never enter early. Additionally, make sure that the money you lose on your stop is only 1-2% of your account.
Happy Trading - The Trading Box
It has tried a breakthrough at point A where the price action wasn't strong enough to break through. It then tries again at point B to which it fails and then takes a big dip. It then rises back up to retest the resistance at point C in which it gives a false break out. Now for a 4th time were re approaching the resistance level, however, we have Divergence on the histogram and the RSI signifying a decrease in strength of the price action. This will be a good short trade. Ill, release a second analysis when I believe the short trade will be ready to enter. If this does break through then the trade becomes invalid and this then becomes a long trade. Always wait for confirmation. never enter early. Additionally, make sure that the money you lose on your stop is only 1-2% of your account.
Happy Trading - The Trading Box
İşlem aktif
Trade entered as per me entry analysis. Stop @13289.2
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.