Dax has recently broken out of a rising wedge which has been forming over the past months, it has managed to recover and is close to the lower part of the channel, currently in what seems to be a bullish pennant/flag in the 5m TF, which could send DAX to 12,060 before it begins to drop.
Entry: 12,060
SL: 12,123
TP: 11,780
---------
RRR: 5.18
Trade with care.
Entry: 12,060
SL: 12,123
TP: 11,780
---------
RRR: 5.18
Trade with care.
Nota
Currently in consolidation with bullish bias, which could send DAX to entry price of 12,060.
Trade ativo
Nota
Nice 130 point drop from the short entry point. Expecting a retrace upwards to a maximum of 12,040 (approx. 12,043) before the price continues to decline closser to the final target, of course we could face support at the lower 800's and will deal with them accordingly when they appear.
Nota
we got our retracement
Trade fechado manualmente
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.