The Only Beneficiary Of This Week’s Low Volatility Is The DAX
As expected, this week turned out to be quieter in terms of profitable trading opportunities amid low volatility. Yesterday, we had no entry triggered in both EUR/USD and GBP/USD whereas the high-flying DAX provided again some gains for the bulls. Our long entry at 18420 has thus proved profitable.
The PCE inflation data, scheduled for release tomorrow, on Good Friday, will be the only interesting piece of data this week.
However, even though thin liquidity has the potential to trigger straight-lined and sometimes even bigger market moves, we prepare for smaller swings and quiet trading conditions ahead of the Easter holidays.
Daily Forex and DAX Signals:
If you are keen to know where we put Take-Profit and Stop-Loss, if we trade on a specific day or not and how we manage open positions, subscribe to our signals.
Our trading ideas for today 28/3/24:
DAX® (GER40)
Long @ 18530*
Short @ 18470
Settings for the DAX today: Entries from 8:00 am UTC, SL 25, TP 100
Disclaimer: All trading ideas and expressions of opinion made in the articles are the personal opinion and assumption of MaiMarFX traders. They are not meant to be a solicitation or recommendation to buy or sell a specific financial instrument.
We wish you good trades!
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2024 MaiMarFX.
