GBPUSD sell
GBPUSD has reached upper band of range 1.3030 - 1.3330. At this zone we can see increased activity of supply. We have opened our sell order at 1.3305 with target at 1.3114 and stop near 1.3400 what gives us risk reward ratio 2:1.
DAX in consolidation
DAX stopped just before round level 13000 and stay in near 100 pts range. We are trying to decipher if supply or demand is in advantage. DAX since the end of august made a big increase without correction so we are expecting break out downwards. But looking at the daily bars we can see that below 12950 somebody buys (long lower candle shadows). We stay out of the market now till we get any signal.
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