accytrader
Short

Dax Short trade

FX:GER30   DAX Index
117 0 2
On the daily chart DAX             is in a downwards channel.

I'm expecting big resistance where the resistance zone meets the upper downward channel line followed by some temporary support at the 10120 mark before looking to enter in my trade after this has been broken.

If the price breaks the upper downward channel line then I will open a long trade.
Comment: Decided to enter in this at 10380 for a short term short position
Comment:

Closed strongly below 20 SMA on 4h
Trade closed: target reached: Position reached target at 10130

250 points profit!
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