HELLO EVERYONE
A look at the DAX INDEX from the monthly, weekly & the 4H charts the sentiment is net bullish meaning we might see a break of the historic resistance level 13570.66 and see continuation with the bulls, the index is currently trading is a bull flag which could signal continuation to the upside and momentum favors continuation, but looking at the index its overbought on most indicators meaning we might see a pull back before continuation to the upside so trade will be triggered once we break above of the bull flag.
As always higher time-frames for direction and whats happening in the overall chart and lower time-frames for entry opportunities.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET THE WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
A look at the DAX INDEX from the monthly, weekly & the 4H charts the sentiment is net bullish meaning we might see a break of the historic resistance level 13570.66 and see continuation with the bulls, the index is currently trading is a bull flag which could signal continuation to the upside and momentum favors continuation, but looking at the index its overbought on most indicators meaning we might see a pull back before continuation to the upside so trade will be triggered once we break above of the bull flag.
As always higher time-frames for direction and whats happening in the overall chart and lower time-frames for entry opportunities.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET THE WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.