MauryHK
Short

Short GDAX [ DE30] Entry: 13700 TP:13200 SL: 13800

CURRENCYCOM:DE30   DAX 30
This is a FUNDAMENTAL based trade ( Entry, TP, and SL are defined based on the D1, and H4 recent levels)
- Strong Support line found at all time high zone ( 13 765 - 13800)
- Negative EU economic date
- Increase of the number of Corona Virus cases
- Expectations of the global economy to slow based on the current economic rate
- German and European economies relies highly of manufacturing which is highly tight to the Chinese economy

Risk:Reward almost 1:5

Trade Safe :)


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