Daily analysis & day trading setups on DAX DE30EUR 20220822

22 de ago. de 2022

Happy New Week, Happy Monday,

13400 level is still important for DAX. But the battleground is now between 13250 & 13700 for this week

Macro US Chicago Fed National Activity Index

Buy
Break: 13 480, 590, 685
Reversal: 13 440, 360, 250

Sell
Break: 13 450, 375
Reversal: 13 530, 600, 710, 780

I regularly publish my daily analysis & trading plan for day trading setups. The links are here:

• NASDAQ
• DAX
• SPX

Green Goblin levels are here >>>


Fibonacci Confluence levels are here >>>

22 de ago. de 2022

Trade fechado: objetivo atingido

Trading using confluence fibs

#Trade 1: Ping into blue level C. Entry on retest of green level

#ShortTrade 13480
SL 20 pts
TP1 3:1 ✅ 60 pts - 1/3rd
TP2 6:1 ✅ 120 pts - 1/3rd
TP3 9:1 ✅ 180 pts - 1/3rd

Total 360 pts. Average 120 pts with risk of 20 pts i.e. 6X

#TradeLessEarnMore

22 de ago. de 2022

Trade fechado manualmente

Trading using confluence fibs

#Trade 2: Bearish engulfing break below Brown Mega Level C. Entry on retracement to green level

#ShortTrade 13323
SL 20 pts
TP1 3:1 ✅ 60 pts - 1/3rd
TP2 6:1 ✅ 120 pts - 1/3rd
TP3 6:1 ✅ 120 pts - 1/3rd - Closed on market close

Total 300 pts. Average 100 pts with risk of 20 pts i.e. 5X

#TradeLessEarnMore

22 de ago. de 2022

Nota

DAX behaved nicely with zones identified in the morning.

But the reactions to levels of confluence fibonacci were phenomenal. I am switching to full fibonacci confluence trading now.

This zone chart


This confluence fibo chart