Short

DAX Fake Breakout Spotted , Short Setup Valid To Get 500 Pips !

Here Is My 4H DAX ( GER30 ) Chart And Here Is My Opinion , we have a fake breakout very clear in 4H Chart , the price broke the res that forced the price to respect it and go down for more than 5 times and the closure was good but the price can`t stay above for even 2 days and back again below the res area by closing below with a great 4H Bearish candle that confirmed we had a fake breakout and we stay below so we can enter a sell trade when the price go up a little to retest the res area @ 25350.00 / 25330.00 and then we can enter a sell trade and targeting from 150 to 300 pips and using a good sl , if we have a weekly closure above our res area then this idea will not be valid anymore .

Entry Reasons :

- Over Bought
- Fake Breakout
- Bearish P.A
- Strong Res

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