mhctrader

DAX - GOOD TO BUY ON DIPS

FX:GER30   DAX Index
Shorting till 0.764 fib level. This area is where consolidation occurs - as shown by the circles on the chart.

Overall trend is still bullish as long as the key pyschological support 10,000 holds. Thus why I am hedging by buying GER30             futures . Stop loss on buy positions 10,179 and 10,000.

Comment: Bounced off that trend line support and has got very close to strong 0.764 fib level.
Trade closed manually
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