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YProsper
May 24, 2015 1:02 PM

GER30  Long

DAX index of German listed sharesFXCM

Description

Last week of the month. Overall bias is bullish.

The MA cross, Weekly bullish engulfing, great fundamentals and overall price action makes this an attractive buy.
I expect a break above TL (11925 - 11950), retest and continuation on this index.

11600 would be the ideal entry price because the indecision candles make me think we could see a short term decline before flying up, hence the stop around 11550.

Just shy off a 1000point trade so would be very interesting to see how this plays out.
Comments
mitchfoley1
didn't pan out too well did it bro...
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