ElliottWaveBelgium

DAX - Simple bullish breakout setup

Long
OANDA:DE30EUR   Germany 30
This is a simple setup that could yield around 300-350points.
Simply waiting for a break above the resistance zone.


Personnaly, I'm putting a buy order at 13250 with a Stop of 60points.
If we see a big candle breaking higher with high volume confirming the move, I will immediately move my stop to it's opening price.


Beware fake-outs though !
If price breaks out but comes back down again, support is around 13150 at first followed by 13096 next.
If this goes below that level I will simply cancel my order.

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