fxstudent299
Short

DAX Short – Break of support line (~10.400)

FX:GER30   DAX Index
Trading idea on 1h chart:
Short DAX             after the break of support line
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Trading idea: stop sell order at 10.632, risk-reward = 2.0
SL@ 10.742 (-110), TP@ 10.412 (+220)
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- trade based on chart: break under support line + under trending line, prices below 20 EMA (=weakness)
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Disclaimer: There is a very high degree of risk involved in trading forex . I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
Trade active: Stop loss moved to 10.620
Trade active: Due to possible volatility before and after FOMC Meeting Minutes in 20 Minutes, removed stop loss to the initial one, so to 10.742 as this is not a intraday-trade but rather one with a timeframe of 2-4 day.
Will comment after FOMC Meeting Minutes more.
Trade active: Stop Loss moved to 10.630 (will not be adjusted anymore), to protect the entry after a retest of Support break
Trade closed: target reached
Position opened at 10.632
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