[wp_ad_camp_1]
Good morning traders!
- Bearish engulfing candle on the daily chart
- Another 10k rejection
- Still inside the closing ranges of the last two weeks
- Currently sat around support and threatening to test trend defining level
- Bulls looking for a bounce early today to signal strength in support
- Parallels from the hourly chart trend line (24/2 – 10/3 low) still containing price action
- 9865-9890 could be an interesting buy zone
Pretty heavy candle yesterday could give bears some encouragement, the outlook on the daily does still look appealing for downside trades, considering the difficulty we’re having with 10k. But I will remain bullish for now.
I will add to my position around 9915 and buy down as far as 9750. If we break that level, I am happy to sit out and watch.
Dax Support & Resistance
| KEY LEVELS | |
| Daily R2 | 10071 |
| Daily R1 | 9998 |
| Daily Pivot | 9960 |
| Daily S1 | 9887 |
| Daily S2 | 9849 |
| 200 Day EMA | 10212 |
DaxTrader RSI EA Version 3.1
I have the new indicator and the new expert advisor in my hands, with a few new features including:
- Multiple bug fixes
- Trend following option
- Close trades on reverse signal
- Trailing Stop with optional step feature
- Various trading time features (GMT, Local, Server)
Testers required
Get the software for free by creating and funding a new FXCM account using the DaxTrader referral link on the right
