DAX: Approach to Resistance Area... how to trade it?
Updated
Hi everyone!
The main trend on DAX is bullish so if you think about a short trade, it is not possible to anticipate the market/signal so it could be interesting to wait for a first bearish leg development on intraday chart and try to take a short position using the potential technical rebound (wave B) with stop loss above wave A (Top):
If there is no pullback, the next bullish target is around 16.230 area.
...trade with care! đź‘Ť
If you think that my analysis is useful, please...
"Like, Share and Comment" ...thank you! đź’–
Cheers!
The main trend on DAX is bullish so if you think about a short trade, it is not possible to anticipate the market/signal so it could be interesting to wait for a first bearish leg development on intraday chart and try to take a short position using the potential technical rebound (wave B) with stop loss above wave A (Top):
If there is no pullback, the next bullish target is around 16.230 area.
...trade with care! đź‘Ť
If you think that my analysis is useful, please...
"Like, Share and Comment" ...thank you! đź’–
Cheers!
Comment
Comment
5' chart...Comment
Target still in play....Trade closed: target reached
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