GER 30 (DAX) Long
Updated
Hi,
Long Ger 30 (Dax). Price is very near first "Major" Support. There are many "Major" Trendlines (_______) Support below current price. NoOne "Major" Trendlines (_______) Resistance above current price. Only a "Minor" Trendline (_ _ _ _ _) Resistance. Even if Risk Off, prices should probably retest "Minor" Trendline (Resistence) (_ _ _ _ _) before go again towards first "Major" Trendline (Support) to try to break it.
P.P.P.
Long Ger 30 (Dax). Price is very near first "Major" Support. There are many "Major" Trendlines (_______) Support below current price. NoOne "Major" Trendlines (_______) Resistance above current price. Only a "Minor" Trendline (_ _ _ _ _) Resistance. Even if Risk Off, prices should probably retest "Minor" Trendline (Resistence) (_ _ _ _ _) before go again towards first "Major" Trendline (Support) to try to break it.
P.P.P.
Trade active
Hi,now we are in at 11.100. Stop near the First "Major" Support.
So stop at 11.040 below before Min.
There is room until 12.500 so target near there.
Even if stop is taken, attention in any rebound at that levels.
Bye
P.P.P.
Comment
It seems "Major" Support is working.11.700 first target.
12.500 second target.
Trailing stop if you bet is starting "Risk On" again.
Bye
P.P.P.
Comment
Hi,prices in "our" direction.
Bye
P.P.P.
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.