Invezted
Short

Dax Short Idea at minor resistance

FX:GER30   DAX index of German listed shares
257 2 4
given the selloff from the upperlimit of the channel and the resistance that price found
at 11290 , the current lower high and a resulting break of the demandline will be a good short
opportunity to test the lower support at 10930 and further the lower limit of the downchannel
at arround 10700 again.

http://www.invezted.com

Entry: Sell Stop @ 11160
SL : Buy Stop @ 11306
Target : (1.) @ 10970 ( 2.) @10700
Manage: Reduce risk or Pull SL to Breakeven on a reaction at 10970

SETUP: Will be invalid on a break of the resistance level


PS. should price continue to rally, the next short opportunity would reveal itself at the mean of 11485
nice trade but risky to hold this over the weekend. DAX likes to gap.
Reply
except for a gap down ;)
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