fxtrader66

DAX If history repeats, look for a bounce from 9500-9420

FX:GER30   DAX Index
225 4 1
Starting with the June / July lows of 2013 the DAX             ( GER30             ) has entered support at the 175 to 200 day mva. Like an old mule, if it has traded three times in the last year, it could trade again. Will enter on observed support on a 15 min time frame with a tight stop, and bring to BE ASAP             .
So you think it will go down to around 9500? Or are you only saying that if it goes down to this level, that it will bounce there!?
Reply
elp D0NKbet
Not implying price will go down there, however if it did get into 9500-9420, looking left of the chart it could bounce if history repeats. nothing is a given sure bet, thats why its important to use good MM and stops to tell you if you're wrong The DAX could get support from the 100 day mva and trade back up to the range too?..
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there is another reason for a rebound near 9500. a channel support.
+1 Reply
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