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DLavrov
Apr 7, 2016 10:04 AM

Short deals for GER30 Short

DAX index of German listed sharesFXCM

Description

GER30 closed below uptrend line. After that we could start searching for the entry price. Bollinger Band expension gave a good signal for opening short trades. When price closed out of Bollinger Bands, the low of the day was the place where open orders should be placed. Stop Level above MA20 and Profit Level between 8700 and 8900. MACD (H) and DMI confirm short trades.

Trade closed: stop reached

It was one of the false breakout. Such trades are part of trading.
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