Hi 10pipsDAX Rejected 10550 before closing the week @ 10500s on Friday.
Hesitated taking a short at supply zone @ 10560 which would have yield 100pips today.
Its now slightly challenging to determine the longer term direction as we have seen whipsaws last week.
My initial bias is bearish (sell the resistant, buy the support, as we are clearly ranging between 10200 and 10700)
Hi 10PipsHi Rehan,
I was waiting for a slightly higher area to short from @ 10680s area....it peaked @ 10640s today.
Got a small supply zone @ 10559 with stop loss @ 10576. Will enter this trade tomorrow @ 7am GMT with targets 10250s.
Going to closely monitor this now....will go long @ 10645 with 25pip SL...targeting 10800.Failing to see these demand zones being heavily respected; Started the threat @ 9920 and now trading at 10600s
May be late to change bias but will be observing 10645 with targets 10800s