Daily Forex Trading

[LeMercenaire]

Daily tf on The DAX showing a promising Z-Line set-up.

Depending on how much oomph we have to reverse today's hefty drop, it may not not come into play until the day after.

Also depends on how much we could potentially gap up overnight.

Could get funky.

[LeMercenaire]

Looks like it'll be tomorrow before (if) price gets back up there.

[LeMercenaire]

Looks like it'll be tomorrow before (if) price gets back up there.

Yep, never made it all the way. It's kind of getting confused in there now, as a large Demand Zone is coming into play while the overall Directional Bias is still Short.

[LeMercenaire]

''Yep, never made it all the way. It's kind of getting confused in there now, as a large Demand Zone is coming into play while the overall Directional Bias is still Short.''

Well, we got the bounce out of that Demand Zone!

.DE30.H1wellwecertainlygotthatbounce27thJune18crop.png (29.85 KiB) Viewed 2750 times

In this view, I have added the Daily Z-Line mentioned above as the short, thick, blue line. Around 12440.

[LeMercenaire]

12440.

.DE30.M1off-of-12440rightenough27thJune18.png (37.21 KiB) Viewed 2741 times

.DE30.H1asTouch-And-Drop27thJune18crop.png (29.08 KiB) Viewed 2740 times

[LeMercenaire]

Still dropping...

.DE30.H1asTouch-And-Drop27thJune18-asstilldropping-crop.png (29.03 KiB) Viewed 2739 times

[LeMercenaire]

The above would obviously have been a lovely 1-2-3 Short as well.

[LeMercenaire]

Tiptoeing along the reverse line now...

.DE30.H1tiptoeingonthereverseline27thJune18crop.png (29.1 KiB) Viewed 2735 times

[LeMercenaire]

Closed below - next stop the DPV...

.DE30.H1-breakthru-closed-below-pivot-next27thJune18-crop.png (29.17 KiB) Viewed 2734 times

[LeMercenaire]

This could be interesting. Another rebound, or a push through? Is there any time left this week to find out?

FTSE100H4anotherreboundorpushthrough28thJune18.png (35.43 KiB) Viewed 2690 times