RedBoxTrader
Long

DAX Trend Continuation or Cypher

FX:GER30   DAX index of German listed shares
Looking at 2 potential long opportunities on the DAX             . This is just my basic analysis and can be best enjoyed with a 'Pinch of salt' and/or any left over Turkey from Christmas!

Trade Option 1 - Trend Continuation
MACD starting to indicate a move to the upside along with heavily OS RSI and Price Action currently sat on a prominent support level around 10680. The potential is high here for a move back to the upside and targets back at a retest of previous highs should support @ 10680 hold.

Trade Option 2 - Bull Cypher
Should price action break below the frequented 10680 and a retest of this level holds true as resistance then a potential Cypher is lined up for completion at 10499 zone with T1 @ 382 fib and extended T2 @ 618 fib
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