🔥 GER40 (DAX) – Trading Plan for Today | Jan 29
Today’s session opened in a mixed structure:
price opened above the key level at 24,852,
with the level positioned on the edge of the Point of Control.
Because of this uncertainty, higher timeframe context becomes critical.
Additional charts:
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–
–
Higher timeframe context
From a weekly perspective:
– the market initially opened below the key weekly level,
– with the level below the Point of Control,
giving an early short bias.
However:
– buyers stepped in aggressively,
– price impulsively reclaimed and accepted above the key weekly level,
– the broader structure remains bullish.
Based on this, I currently favor long positions.
Intraday plan (long)
Primary target:
– upper daily long zone: 24,974 – 25,040
In this area, I expect:
– partial profit-taking,
– potential seller reaction.
As long as price holds above 24,852, the long bias remains valid.
Acceptance back below this level would shift focus back toward shorts.
This is not financial advice. Risk management is required.
Today’s session opened in a mixed structure:
price opened above the key level at 24,852,
with the level positioned on the edge of the Point of Control.
Because of this uncertainty, higher timeframe context becomes critical.
Additional charts:
–
–
–
Higher timeframe context
From a weekly perspective:
– the market initially opened below the key weekly level,
– with the level below the Point of Control,
giving an early short bias.
However:
– buyers stepped in aggressively,
– price impulsively reclaimed and accepted above the key weekly level,
– the broader structure remains bullish.
Based on this, I currently favor long positions.
Intraday plan (long)
Primary target:
– upper daily long zone: 24,974 – 25,040
In this area, I expect:
– partial profit-taking,
– potential seller reaction.
As long as price holds above 24,852, the long bias remains valid.
Acceptance back below this level would shift focus back toward shorts.
This is not financial advice. Risk management is required.
Transaction en cours
Since the session opened, we've seen an impulsive drop. In the area of the reversal zone, I expect to see a turnaround with a long target of at least the important daily level, and at maximum the upper long reversal zone. Trade fermée: cible de profit atteinte
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.