DAX - Triggered LongDAY TRADE - EXPIRES AT 9PM
Trade Idea
Broken out of the wedge formation to the upside.
The medium term bias remains bullish.
Bespoke support is located at 12226.
Positive overnight flows lead to an expectation of a firm open this morning.
Further upside is expected although we prefer to set longs at our bespoke support levels at 12300, resulting in improved risk/reward.
We look to Buy at 12300
Stop: 12250
Target 1: 12500
Target 2: 12600
Updates
The move to 12300 triggered our long trade
Updated: 2019-07-15 10:39:38
Buyingdips
AUDJPY - Buying dipsTrade Idea
Broken out of the channel formation to the upside.
There is scope for mild selling at the open but losses should be limited.
Bespoke support is located at 75.30.
Further upside is expected although we prefer to set longs at our bespoke support levels at 75.30, resulting in improved risk/reward.
Expect trading to remain mixed and volatile.
We look to Buy at 75.30
Stop: 75.00
Target 1: 76.30
Target 2: 76.75
It’s a US holiday today so expect quieter markets today.