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Swordman
Dec 2, 2016 4:11 PM

DAX Next Week 5/12/2016 Long

DAX index of German listed sharesFXCM

Description

Next week... Two targets.. soft target level 10650. Hard Target Level 10800.

Good Trading.

Trade active

Trend is short and is the one that predominates. In 1-hour and 4-hour tiemframe it looks perfectly. The problem to my understanding is that for my graphics have marked areas of subtendency in length, even breaking the control zones (or resistances) that had marked. In my opinion, it is a clear signal of upward trend, although it is true that I have not yet broken the area that for me is more significant the level 10550 - 10560. If Monday is able to circumvent that level, for me there will be no doubt That the price has taken a bullish momentum. Until where? That we will see.

Trade active

Soft Target reached ... We will continue with long position open to reach the hard target.

Comment

Level 10700 has a hard resistence.. but if broke this level DAX go to 10800.

Comment

I kept my position open since 10527 and the Stop Profit at 10677. My current control zone to see if the trend changes to bearish is around the value 10680. If I skip the stop the price I will enter with short position. If not, I will keep the position long.

Comment

Go to Take 10800 ;) Profit continues.

Trade closed: target reached

Target Reached.... Thks to following my idea.
Comments
fatboy007
Great analyse with market confirmation, Good luck
CXalculus
epic, to bad a had a teambuilding today!
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