Yesterday, in the previous article we discussed a potential pullback zone, notice how price action responded to that level? Today we take a look at the trading strategy we use here, with some specific use cases including how to manage the trade.
For now, I am still cautious with the DAX, because volatility has only just started to return and I often find it’s most useful to wait for the market to come to us, rather than chase the market in circles.
| DAX CFD KEY LEVELS | |
| POC : | 12049.0 |
| VAH : | 12088.5 |
| VAL : | 12002.0 |
| VWAP : | 12083.1 |
| R2 : | 12372.2 |
| S2 : | 11819.3 |
| Pivot : | 12095.8 |
| High : | 12263.9 |
| Low : | 11987.4 |
