DAX analysis for 3.4.2020
Good morning, traders!
yesterday we were expecting some drop on
FDAX1!, the price was very lazy in the morning but eventually we got about 220 pips drop. Nevertheless sellers were not strong enough to break yesterday's low and the price came back up. The day closed as an inside day to the previous one. What does that tell us? There were no new information in the market yesterday which would move the price in any direction.
Therefor today the same prediction is still valid. We are aiming for short unless the key rezistence of Wednesday's high is broken. If that happens, we stay in range and can start to look for long opportunities.
Have a nice Friday and trade with patience.
FINEIGHT team
yesterday we were expecting some drop on
FDAX1!, the price was very lazy in the morning but eventually we got about 220 pips drop. Nevertheless sellers were not strong enough to break yesterday's low and the price came back up. The day closed as an inside day to the previous one. What does that tell us? There were no new information in the market yesterday which would move the price in any direction.Therefor today the same prediction is still valid. We are aiming for short unless the key rezistence of Wednesday's high is broken. If that happens, we stay in range and can start to look for long opportunities.
Have a nice Friday and trade with patience.
FINEIGHT team
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