LDForex_

DAX 30- Possible Bullish Momentum on the Retest On Trend line?

Long
CURRENCYCOM:DE30   DAX 30
- A very decent long opportunity on the rests of the trend line .
-The fib level 23.8% is in line with the demand zone which adds extra confluence that price could potentially retrace from that zone.
-The trend line is also in line with the demand zone and 23.8 fib level which indicates that this is a good high probability set up.
- The 50EMA is below price which conveys that the DAX30 is in a bullish trend which is another confluence to go long.
-To enter this trade, I would wait for a strong bullish candle confirmation on the lower time frame.
Lets see how price reacts during the week.
Please leave a like and a comment on your opinions/ideas for this trade!

Comments

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