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Germany30

The Importance of Correlating Assets Hello Traders, In today's lecture I'm explaining the importance of monitoring correlating assets to help give us early clues about the major asset we're looking to trade. When trading EURUSD, I like to look at 6 correlating assets. They are as follows: GBPUSD DXY GOLD SPX DAX I hope you find this video to be informative and educational to allow you to add correlating assets as a strategy approach when trade planning. Always remember to trade safe - trade well. ~Michael Harding
Education
by Michael_Harding
DAX - Positioning to buy a dip GER30 is Bullish - We look to Buy at 12110 ▪️ Positive overnight flows lead to an expectation of a firm open this morning. ▪️ Trading within a Bullish Channel formation. ▪️ Bespoke support is located at 12110. ▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 12110, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile. Stop: 11980 Target1: 12575 Target2: 12800
FOREXCOM:GER40Long
by Signal_Centre
DAX30 Key Levels D1, H4 and H1 + General thoughts for trading itThe 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
OANDA:DE30EURLong
by d_brennan_UCFX
Weekly Analysis on DAX by ThinkingAntsOkMain items we can see on the chart: a) The price has reached a major resistance zone b) We can see 4 situations in the past in which the price rejected the zone with 3 to 4 weekly candlesticks c) LONG SCENARIO: After that, we should expect a bullish movement towards the next resistance zone at 13.500 d) SHORT SCENARIO: If the price keeps falling after the contact with the resistance zone, we should look for short positions towards the support zone.
TVC:DEU40
by ThinkingAntsOk