**DAX 40 ANALYSIS**
***Structure*** The 1 hour chart is quite clear in my opinion, the bullish trend is proceeding nicely and steady, with a few drops here and there that only constitute great opportunities to go long once again.
***Liquidity*** Price has now formed the dynamic liquidity trendline below the lows, it’s been a while since price has taken out some liquidity to fuel future movements and is quite clear how slower the trend is getting. The tank is almost empty, I think it’s time to drop now to take out some of the lows created in the past few days to fuel the next bullish movement.
***Demand*** we have 2 clear levels marked on our chart, the yellow zone and the gray zone. They’re both great levels in my opinion, the aggressive of course would grant you a better risk to reward, but price may never come that deep.
The aggressive area looks more interesting in my eyes, but as usual, I will be waiting for confirmation on the 5 min chart, I’m talking about the usual trigger (bullish break, liquidity grab).
***Positioning*** In case you try the aggressive zone ( entry price at: 16864.0) the stop should be placed right below the demand zone, at 16829.0.
Whilst if you want to wait for the more conservative zone, placed in the 16800.0 area, the stop should be placed below the lows, at 16729.0.
***Targets*** As usual, we take partials and move to breakeven once our trade reaches the 1:3 Risk to Reward, then we can leave it running to test the local highs at 17150.0
@everyone
***Structure*** The 1 hour chart is quite clear in my opinion, the bullish trend is proceeding nicely and steady, with a few drops here and there that only constitute great opportunities to go long once again.
***Liquidity*** Price has now formed the dynamic liquidity trendline below the lows, it’s been a while since price has taken out some liquidity to fuel future movements and is quite clear how slower the trend is getting. The tank is almost empty, I think it’s time to drop now to take out some of the lows created in the past few days to fuel the next bullish movement.
***Demand*** we have 2 clear levels marked on our chart, the yellow zone and the gray zone. They’re both great levels in my opinion, the aggressive of course would grant you a better risk to reward, but price may never come that deep.
The aggressive area looks more interesting in my eyes, but as usual, I will be waiting for confirmation on the 5 min chart, I’m talking about the usual trigger (bullish break, liquidity grab).
***Positioning*** In case you try the aggressive zone ( entry price at: 16864.0) the stop should be placed right below the demand zone, at 16829.0.
Whilst if you want to wait for the more conservative zone, placed in the 16800.0 area, the stop should be placed below the lows, at 16729.0.
***Targets*** As usual, we take partials and move to breakeven once our trade reaches the 1:3 Risk to Reward, then we can leave it running to test the local highs at 17150.0
@everyone