DAX, Price Action

By Claus Andersen

30. September 2019

5 min chart:

I got run over today on the open strategy. A nice bear sell bar on the open. The signal failed, as it will from time to time. The signal did not even give me 10 points for a scalp. That should tell you that the context is not a bear trend and you should look for a trading range or reversal up.

15 min chart:

The support and resistance has been adjusted on this 15 min timeframe as price moves higher. The 12.500 area could be a magnet for price in this week. 

Have a nice trading week.

Claus Andersen

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