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UnknownUnicorn325507
Dec 18, 2015 4:48 PM

DAX - GOOD TO BUY ON DIPS 

DAX index of German listed sharesFXCM

Description

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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