Those short in DAX from the swing at 11980 can keep their positions trailing their stop to entry level and targeting to convert this short term trade in a long term play to align with the Daily Pending reversal at 11830.
Trade closed: target reached:
Our second target of 261.8% Fibonacci was reached today and the market is now retracing higher. Those who took profits on the shorts should now wait for a reversal candle to reinstate short positions
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