If we don't reach this price level during this week, cancel the pending buy stop.
I think it's possible to see the Dax start an uptrend in the weekly, but first I'd need to see price accelerate away from the mode in this timeframe.
I had entered already using the 4h chart, but my target in that timeframe is lower (11550). Entry was 11421, SL 11244.
The entry suggested here is a bit safer, since it would trigger the weekly signal on chart.
Entry: 11616, SL 11314, TP #1 13256, TP #2 14723. ETA: 13256 reached before November 20 while price doesn't move below 11383.
Potential targets are 13256, and up to 14723, while the stop loss would have to be below the mode.
Risking 0.5-1% in this trade is ok, but it's ultimately up to you.
Good luck,
Ivan.
I think it's possible to see the Dax start an uptrend in the weekly, but first I'd need to see price accelerate away from the mode in this timeframe.
I had entered already using the 4h chart, but my target in that timeframe is lower (11550). Entry was 11421, SL 11244.
The entry suggested here is a bit safer, since it would trigger the weekly signal on chart.
Entry: 11616, SL 11314, TP #1 13256, TP #2 14723. ETA: 13256 reached before November 20 while price doesn't move below 11383.
Potential targets are 13256, and up to 14723, while the stop loss would have to be below the mode.
Risking 0.5-1% in this trade is ok, but it's ultimately up to you.
Good luck,
Ivan.
