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.
Note
Currently in consolidation with bullish bias, which could send DAX to entry price of 12,060.
Transaction en cours
Note
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.
Note
we got our retracement
Trade fermée manuellement
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.