SanktuaryMAM
Short

GER30 - Daily Opportunity

FX:GER30   DAX index of German listed shares
We will be looking for a pullback to previous resistance to enter new short in GER30             (D) with stops placed above highlighted green area. Breakout of upward sloping trendline was not convincing. If resistance holds, we will also have a double top pattern completion upon the break of the red neckline. We will wait for price action to indicate that new highs are unlikely prior to trade entry, rather than simply placing a limit order (offer) in the orange area.
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