faris.makki
Short

Short DAX opportunity

FX:GER30   DAX Index
Dax has recently broken out of a rising wedge which has been forming over the past months, it has managed to recover and is close to the lower part of the channel, currently in what seems to be a bullish pennant /flag in the 5m TF, which could send DAX to 12,060 before it begins to drop .

Entry: 12,060
SL: 12,123
TP: 11,780
---------
RRR: 5.18


Trade with care.
Comment:
Currently in consolidation with bullish bias, which could send DAX to entry price of 12,060.
Trade active
Comment:
Nice 130 point drop from the short entry point. Expecting a retrace upwards to a maximum of 12,040 (approx. 12,043) before the price continues to decline closser to the final target, of course we could face support at the lower 800's and will deal with them accordingly when they appear.
Comment:
we got our retracement
Trade closed manually

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out