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Who can trust this trendline retest? Look at the buying power fom the bottom, how would the price block at this trend line?
Dax : nothing very obvious yet, but we had a 15000 retest that provides a buying reaction.
I can see several traps forming, here is an interesting one. I don't know how deep the selling will go yet, don't pay too much attention to the orange scenario levels.
Dax update in previous screenshot's comments
DAX Midday-Trend Algo: September 2021 results -75points – Trading revealed
http://www.trading-revealed.com/site-news/dax-midday-trend-algo-september-2021-results-75points/
Analysis of a sell trade on EURAUD I took on Friday, before the NFP. As often, the news release completed the pattern perfectly. It's not random, news release are perfect excuses to throw bigger moves to hit liquidity zones.
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Good morning,
Even if the indices tried to induce/trap sellers in the last 30 days, remember the real target for the smart money.
As expected, GBPNZD made the first quick move to grab liquidity. 1.96000 to 1.94000 easily.
My target is still 1.92000 but this is a long term trade, we may see another retracement to induce some others buyers before it.
USDCAD is attracted by the 1.23 liquidity zone. If you have a sell signal in a lower timeframe, that's very interesting.
Forwarded from Trading-revealed comments (English)
GBPNZD target hit, 400 pips, nothing to add.
The trap pattern was perfect. Do you still think the price is random?
To celebrate the new version, we are now offering a 100€ discount for the DAX Midday-Trend Algo for ProRealTime until November the 10th. It's here:
http://www.trading-revealed.com/algo/prorealtime-algos/dax-midday-trend-algo-for-prorealtime/
Being short on GBPNZD daily doesn't mean we can't scalp Long at shorter timeframe level
USDCHF : on chart explanations from a Buying scalp I took a few minutes ago. Daily chart analysis + M5 entry
Nice smart money move yesterday on EURUSD, sellers KO
DAX Midday-Trend Algo: October 2021 results +65points – Trading revealed
http://www.trading-revealed.com/site-news/dax-midday-trend-algo-october-2021-results-65points/
Dax final sellers trap from Oct the 29th 2021 – Trading revealed
http://www.trading-revealed.com/education/dax-final-sellers-trap-20oct2021/