DAX trade plan
DAX is at an interesting level. Now price moves along the uptrend line, tried to break it but could not close below. Stuck between 50 and 200 SMA's showing consolidation.
1st trade is to wait for the break of 50SMA and the high of 13129 to buy and target higher levels.
2st trade is to wait for the break and close below the support zone and 200SMA to sell.
The selling strategy is higher risk, so we need some serious news in the market to improve our chances.
Please support the idea and share your thoughts on DAX!
Good Luck and Stay Healthy!
1st trade is to wait for the break of 50SMA and the high of 13129 to buy and target higher levels.
2st trade is to wait for the break and close below the support zone and 200SMA to sell.
The selling strategy is higher risk, so we need some serious news in the market to improve our chances.
Please support the idea and share your thoughts on DAX!
Good Luck and Stay Healthy!
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