Yesterday i posted this trade as it has very small stops verses good target area & worked out as expected. This is updated idea as now stops should be below 10320 level (almost entry level of this trade yesterday) and stay in the trade till the triangle breakout target zone.
DAX Future (FDAX) looks buy in 60 min as it formed triangle as well as 4th wave of impulse cycle up. Buy with stop loss of 10215 for target around 11000 level as it’s a daily time frame resistance of upper band of Bollinger.
DAX Future (FDAX) looks buy in 60 min as it formed triangle as well as 4th wave of impulse cycle up. Buy with stop loss of 10215 for target around 11000 level as it’s a daily time frame resistance of upper band of Bollinger.
Trade closed manually:
I guess now its a exit time.
Comment:
Its beautifully worked as expected. Remember 4th triangle gives good reversal.