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FDAX1!

Dax daily: 15 May 2019 For a change, yesterday’s session was in the hands of buyers. We first found some sellers at the resistance zone of 11 956 and they pushed the Dax some 50 points lower before buyers stepped in. Dax is opening with an ascending gap today. Important zones Resistance: 12 139 Support: 11 946 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 11:00 CEST – Eurozone – Flash GDP q/q Today’s session hypothesis Today, we expect buyers to continue in the correction with the first target laying at 12 190 and then 12 455 in the following days. The probability of closing the gap is not any high today, but the market structure of the recent days signifies the initial short. We could find some buyers at the support level of 11 964 which we could use as a bounce area to enter into a long position targeting 12 195. Sellers have a possible level of interest around the 12 139 zone.
EUREX:FDAX1!Long
by FTMO
Dax Daily: 13th of May 2019Welcome to a new trading week. After the initial chop on Friday, the price descended towards the support level at 12036, which was well respected on the first attempt. During the second retest, the level was slightly broken. Following was the entry of buyers who took the price all the way to retest the resistance of 12 194 where Dax closed the week. Over the weekend, we open with a really significant gap. Important zones Resistance: 12 141 Support: trend line Statistics for today Detailed statistics in the Statistical Application (which you can find at ftmo.com/en/statistical-app) Macroeconomic releases NIL Today’s session hypothesis After price broke the trendline support and taking out the Fridays low, we can expect to test the trendline from the opposite side as resistance and continuation lower to approximately 11864.0 with potential filling of the gap from 3rd of April 2019.
EUREX:FDAX1!Short
by FTMO