Fxprotrader
Short

Dax@ Short setup ahead after ABCDE completion

FX:GER30   DAX index of German listed shares
A nice bearish setup has formed here in Dax             . Price is in a corrective structure having already formed an abcde pattern. E point has formed where price is testing a long term resistance level ( black trendline ) and a short term resistance ( the upper trnedline of a rising channel , the purpple one in the chart).

A nice way to trade this setup is to move to a lower timefreme and wait for d-e leg breakout with our stoploss above e point.

Here's how to enter the market:
snapshot
Website: http://clivityfx.com/
FREE Trading Channel: https://t.me/clivityfx/
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out