Hi Traders! Here is DAX FX Delta setup, this is a great by the book example based on FX Delta that we got this week. Let’s go over it and analyze it in depth.
Dax D1 Chart:
Bullish delta pattern on D1 chart.
Followed by double wave down. A bullish hidden divergence which later on turned into continuing bullish divergence.
The massive support zone coinciding with the 100% fibonacci expansion was the perfect level to look for entries.
Dax H1 Chart (FX Delta):
- FX Delta pattern (no divergence against, real volume and moves).
- Strong, key level to look for entries (fibonacci + price action).
- FX Delta signal for entry.
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