DAX / GER30 / DEU30, daily tf, sell the shooting star candle
Hello my friends,
Second setup for today is German index which is known as DAX.
Some brokers use DAX on it quotation, others use GER30 / DEU30.
Anyway, they are the same indicies if i am not wrong. Feel free to correct me if i am wrong.
There is a shooting star candle / bearish pinbar candle on the daily timeframe. It appeared exactly at horizontal resistance.
This indicates sellers currently winning over buyers.
As you could see, there is also a big gap on DAX chart so we could see price drop to fill this gap first.
Sell DAX / DEU30 / GER30 13095
Stop loss 13215
Take profit 12615 (4R)
RR ratio 1 : 4
Use only 1-2% risk
Good luck
Disclaimer : I am selling DAX from 13095
Second setup for today is German index which is known as DAX.
Some brokers use DAX on it quotation, others use GER30 / DEU30.
Anyway, they are the same indicies if i am not wrong. Feel free to correct me if i am wrong.
There is a shooting star candle / bearish pinbar candle on the daily timeframe. It appeared exactly at horizontal resistance.
This indicates sellers currently winning over buyers.
As you could see, there is also a big gap on DAX chart so we could see price drop to fill this gap first.
Sell DAX / DEU30 / GER30 13095
Stop loss 13215
Take profit 12615 (4R)
RR ratio 1 : 4
Use only 1-2% risk
Good luck
Disclaimer : I am selling DAX from 13095