From the 1H the picture looks a little bit different.. I noticed a strong resistance area (red line).. I hope price can break through, but if not than Maxime is probably right.. Happy Trades

GBP/JPY

Nice analysis.. I hope you didn't miss the chance to make some green pips out of that spike while preparing this.. Happy Trades

SPX and DAX - CFDs are the place to be

It looks like a crane to me.. just kidding.. Happy Trades

GBP/JPY

Fdax (5 min) Now we have a new channel on 5 min.. could rise till 9652.. there it builds a diamond shape and maybe can go back again.. Happy Trades

SPX and DAX - CFDs are the place to be

Not quite right.. there term e-mini is used with many different instruments.. It is connected to S&P500 because S&P500 was the first e-mini type future contract used in history.. that's people think immediately about S&P when e-mini is mentioned.. ...

SPX and DAX - CFDs are the place to be

Hmm.. I re-checked my list and it's actually the mini-dow (e-mini) what I am talking.. sorry my mistake.. but for my idea it changes nothing: e-mini struggles to get back over 17.000 right now.. that is also affecting dow.. and also affecting ...

SPX and DAX - CFDs are the place to be

What? But my broker's price is 16.959 right now.. isn't it???? Happy Trades

SPX and DAX - CFDs are the place to be

If that data can't move dow above 17.000, then IMO we have to expect the worst Happy Trades

SPX and DAX - CFDs are the place to be

Dow struggles to get above 17.000 again.. dax is the carbon copy of it right now.. Edit: and dow is starting to fall.. my first downside target for fdax is: 9507 Happy Trades

SPX and DAX - CFDs are the place to be

Hmmm.. right now I really don't know.. 50/50 situation.. and dow is around 16980.. critical levels.. I hope it goes back over BRN 17.000 because if not, the downfall could affect dax in a very bearish way. Happy Trades

SPX and DAX - CFDs are the place to be

Yeah.. and to be sure on that we need to see some divergence on 5, 15 or 30 min., so I am waiting hawkish Happy Trades

SPX and DAX - CFDs are the place to be

Hahahahah I like this guy.. the way he asks d1 his questions is really annoying, but that's where the fun is, right? Happy Trades

SPX and DAX - CFDs are the place to be

Fdax 15 min. chart: I believe price will retest 9700 soon, and if so then as long as no full candle close above 9750 I will stay bearish.. Happy Trades

SPX and DAX - CFDs are the place to be

Let's see first how it will react at 9520.. but I agree with you.. the pressure seems to be very high right now.. Happy Trades

SPX and DAX - CFDs are the place to be

Another trend change on 5 minute.. choppy conditions right now.. I will stay out till I see a clear trend.. Happy Trades

SPX and DAX - CFDs are the place to be

Ok it seems price goes up for a correction towards fib 61.8 or a little higher. The price where it can meet both the upper edge of the yellow channel line and the fib 61.8 is around 9640, I expect a continuation of the downtrend from there. Happy ...

SPX and DAX - CFDs are the place to be

Fdax (5min) With the quick start of Frankfurt opening I can say that trend has turned to north on the 5 min., my first target is the upper edge of the yellow channel I shared yesterday on post 2897. Edit: I also think we could have a falling wedge ...

SPX and DAX - CFDs are the place to be

Closing my short.. +33 points.. dow is at 17.000... BRN.. so I think if it returns from there dax could also return.. Happy Trades

SPX and DAX - CFDs are the place to be

Fdax (5 min) Two channels collapsing.. which one will be the winner? I pick the yellow one.. any ideas? (I am short since 9613 by the way) Happy Trades

SPX and DAX - CFDs are the place to be

Dax retraced many times in the past at the 83 fib level.. keep that in mind please (83 is not a fib number, but since it's a prime number there is something that makes it work. Maybe because it's related with the golden ratio) Happy Trades

SPX and DAX - CFDs are the place to be