Hi,
So let's see the chart. We are trading in huge triangle and we near the end of this triangle. So far we have touched the higher band 2 times but we couldn't get over and we touched the lower band of triangle 2 times. If we will breakout DE30 up, then we could move to nearest resistance which is level 10820-10840. If we will breakout the triangle down, next support is at 10160-10180 and also it would mean that we have breaked 3 trend lines (breaking 3 trend lines = trend change according to books)
Levels to watch:
Sell limit: 10650-10670
Stop loss: 10700
TP1: 10400
TP2: 10150
TP3: 9400
So let's see the chart. We are trading in huge triangle and we near the end of this triangle. So far we have touched the higher band 2 times but we couldn't get over and we touched the lower band of triangle 2 times. If we will breakout DE30 up, then we could move to nearest resistance which is level 10820-10840. If we will breakout the triangle down, next support is at 10160-10180 and also it would mean that we have breaked 3 trend lines (breaking 3 trend lines = trend change according to books)
Levels to watch:
Sell limit: 10650-10670
Stop loss: 10700
TP1: 10400
TP2: 10150
TP3: 9400
Trade closed: stop reached:
Stop reached, entered new short setup
Entry: 11070
TP1: 10830
TP2: 10400
TP: 10150
Entry: 11070
TP1: 10830
TP2: 10400
TP: 10150
Trade active