tradingdiaries

Potential downtrend on the DAX

FX:GER30   DAX index of German listed shares
After the price couldn't break through the upside of the last high anymore a double top was formed and the price fall down below the trendline .
Now the price has retraced 76.40% and it seems that a lower high has formed. Normally I would watch for a good opportunity for a short trade here but because of the referendum tomorrow I will stay out of any trades for this week and wait until monday to trade again.
Eventually the referendum is helping to drop the price as I expect here but I think the risk is way to high to be stopped out in the next two days.

I wish everybody who is still trading good luck and nice profits.

Dennis

PS: I give no advice, I only share my opinion.
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