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HayatoDragonFX

DAX / DEU30, daily tf, buy on support at oversold condition

Long
GERMAN STOCK INDEX (DAX) (TVC:DEU40)  
HayatoDragonFX  
TVC:DEU40   GERMAN STOCK INDEX (DAX)
Trend Analysis Chart Patterns Technical Indicators DAX Index dax30 dax30long GER30 CFD ger30buy gap priceaction
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trendanalysis chartpattern indicator dax dax30 dax30long ger30 ger30buy gap priceaction
Hello my friends,

Today i spotted a good setup on DAX / GER30 indicies.

After marking all the potential support and resistance, i found that price currently on support level.
Price go down aggresively since 12600 to 11600. It goes down 1000 pips in just 3 days.

We could see price retrace back up to close the gap before continue south.

Buy DAX / GER30 at 11600
Stop loss at 11400
Take profit 1 at 12000 (2R)
Take profit 2 at 12500 (4.5R)

Use only 1-2% risk
Good luck
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