phaneroboy
Long

DAX Key resistance in play 8604 - 8660

FX:GER30   DAX index of German listed shares
50% back from 8855 to low is playing as resistence for the second time.
I will start to buy again if we will broke above this level
hi phaneroboy, what is your prediction for today and where to put safe SL for LONG positions?
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phaneroboy trandom
Hi trandom, i personally put my sl at 8490 just above my entry point. Consider the fact that i already took 1/2 position from the market at 8685 area, so i am already locking profits.
I don't know what will be the price action of today, but my plan is to buy a good 3 wave down for at least another push up to 9100 area. (i took a small long already risk free, but i will probably be kicked out soon https://charts.mql5.com/5/994/ger30-h1-forex-capital-markets.png)
Best r/r entry level is the 50% back from 8350 to highs that in this moment comes at 8620 area. SL can be placed or under the 61.8 line or under the 8350 low (depend on you mm strategy)
this is my view, and of course i can be wrong...
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