Deurtche into a sell-offUpdate on October 2021 forecast. Bad stop on this one. In terms of practical trading, screwed this one up. The theoretical pattern remains in-tact. Just was a bad stop placement.
DBK trade ideas
Deutsche bank - good to catch a wavehi
deutsche bank is very good for swing playing, it is collateral, joined with EURUSD - if EUR is strong, DB goes up, if weak it goes down,
right now we have a move down, it is interesting in which direction it will go.
there is path down, look on the screen. MACD signal is weak in D frame - DAY - and below 0 going, the same on time frame Week - W - it goes down all the time
These coming 2 week will be going on weakness of EUR, but EURUSD will be moved up some day, USD is going to be too stronger and players will change the game,
remember stock market is not a investment, it is a caching the wave only,
next resistance 8.5 EUR
it is only my idea in my head, not a investment advice, your cash, your decision, your risk.
Wish good luck!
SUMMARY ON DBKThis morning on DBK we have a very good uptrend. As we can see on the chart our buy position was confirmed by three factors which are:
- Candle with a long wick and small body;
- Breakout of the resistance line with strengh with a large volume;
- Breakout of the vwap indicator with a large volume.
Thanks...
Important to know!! how to get out of position???Just to say that at the next green candle with a large volume you can close your position. Why? In effect, We are a downtrend with a succession of many reds candles so we can see on the chart. This is my suggestion for money management.....Thank you !!!!
