ThomasCapital_Inc

DE30 Index Trade Idea

CURRENCYCOM:DE30   DAX 30
DE30 Trade Idea.
Currently price is bullish . Price has broken above the resistance level which now may slowly turn into a support level . Waiting for a possible retest of this level and a further confirmation before placing a buy trade.
However, price has also met the daily high level and we could see a possible trend reversal should price fail to continue its bullish run. Should such happen I will wait for a retest of the level as resistance as well as a confirmation and place a sell.
I also speculate a possible doji candlestick forming hence the trend reversal.

Minimum R/R - 1:1
Trade active: Price has broken above my resistance level placed at 12928.6. No trades have been placed as of yet however as I am waiting on a potential retest. Nonetheless, I have my R/R ratio placed as a minimum of 1:1.
Comment: Price has retracted
Comment: Resistance level placed at 12928.6 is proving to be too strong a level to break through

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