Fxprotrader

DAX: Another Impulse Is Coming

Long
FX:GER30   DAX Index
Dax has been moving into a correction for a while, after an impulsive upmove and is now about to reach the lower parallel of a valid slope median line set. The safest way to go long with this market is to wait for a bounce at the parallel in addition with a breakout above the corrective structure (green trendline). For those traders who identify a bullish trade setup at the parallel of the fork, is abosolutely fine to go long from that level too.
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