18 April 2016, 11:09
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 10150.0 |
| Take Profit | 10455.2 |
| Stop Loss | 10010.1 |
| Key Levels | 9494.2, 9754.2, 9904.5, 10124.3, 10485.2, 10872.2 |
| Alternative Scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 9895.0 |
| Take Profit | 9765.2 |
| Stop Loss | 9925.9 |
| Key Levels | 9494.2, 9754.2, 9904.5, 10124.3, 10485.2, 10872.2 |
FDAX, H4
On the 4-hour chart, the index is approaching the apex of a correctional
triangle. The instrument is trading in the upper Bollinger band while bands are
directed up. The price remains above its moving averages that turned up. The RSI
has failed its strong resistance and falling. The Composite has broken down its
longer MA having developed a more significant downward movement.
Key Levels
Support levels: 9904.5 (local lows), 9754.2 (EMA130), 9494.2 (beginning of
April lows).
Resistance levels: 10124.3 (upper triangle side), 10485.2 (beginning of
January gap), 10872.2 (December 2015 highs).
Long positions can be opened from the level of 10150.0 with the target at
10455.2 and stop-loss at 10010.1. Validity – 2-3 days.
Short positions can be opened from the level of 9895.0 with the target at
9765.2 and stop-loss at 9925.9. Validity – 2-3 days.
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The client must claim / request the Bonus by
contacting finance department
at finance@hiwafx.com
or via livechat.
Terms & Conditions
with
M Samer Al Reifae
Official HiWayFX Representative in Romania
samer@hiwayfx.com
+40 734 277 757
Official HiWayFX Representative in Romania
samer@hiwayfx.com
+40 734 277 757
- YOU ARE NEVER LEFT ALONE -
YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
Do your own due diligence.
No one knows tomorrow's price or circumstance.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
