DAX30 Key Levels D1, H4 and H1 + General thoughts for trading it
The stock market has been pumping and with things coming back to normal, we are going to likely be climbing back up to pre-covid19 levels, but nobody knows this for sure, so I find marking key levels of support and resistance helps me keep track of my bias so can take trades accordingly.
Once the levels are nailed down the execution becomes the next task....
Next Monday If we break daily resistance @ 12870 and find support to test weekly levels @ 12940 then then it will be safer to stick to buys to mid-13000s.
However, you can scalp sells with prices first reaction at these levels, for this i would recommend using the smaller time frames.
If you have traded DAX30 you will know it can move harshly compared to the smaller indexes.
If anyone has any advice on how they like to trade DAX30 let me know.
Push like or leave a comment if you agree with my key levels.
Thanks for viewing.
Daniel
UCFX
Once the levels are nailed down the execution becomes the next task....
Next Monday If we break daily resistance @ 12870 and find support to test weekly levels @ 12940 then then it will be safer to stick to buys to mid-13000s.
However, you can scalp sells with prices first reaction at these levels, for this i would recommend using the smaller time frames.
If you have traded DAX30 you will know it can move harshly compared to the smaller indexes.
If anyone has any advice on how they like to trade DAX30 let me know.
Push like or leave a comment if you agree with my key levels.
Thanks for viewing.
Daniel
UCFX