jaytrader
Long

Dax CTL broken looking for pullback to buy at 618 level

FX:GER30   DAX Index
303 1 2
We can clearly see that the current trend has been broken therefore we are now considering this to be a significant move. We are looking at the daily close candle which is a bearish Harami this indicates that the trend is over while keeping this candle formation in mind we have confluence with Fibonacci therefore looking at pullbacks to 618 level (115.37) for a buying opportunity. In conclusion I have my first TP and we looking at a potential 381 pips and if this is met we will target for TP2 (543pips).

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