DAX after the breakout upward now backed to the range. Price achieve bottom edge of range and at this level buyers became active leaving a trail of bullish pinbar. It looks like long orders stop loss hunting preceding upward price movement. We are opening small long with Risk Reward Ratio 1:1 with stop below last pinbar and target near last high. Near 13020-13030 we will move SL to Break Even.
Comment:
Profit protection: stop moved a few pips over open level.
Comment:
Closed on stop with small profit.