DOW Long-Term Long (Global Equities Turn-around)

FX:GER30   DAX Index
DAX             Resistance

The DAX             is currently in a very strong resistance zone . In fact many of the largest stock indices are also in the same position please also see my trade on the FTSE             (Global Equities Turn-Around)

It has touched this level 2 other times this year, we have seen several retracements on the dax             this year and this seems to be where it stops the downward pressure with resistance.

I have already enterered into the trade and have set a fair tight stop loss about 100 points away to ensure I dont get stopped out prematurely, and to confirm that it is in face break and closing below that level not just down on a spike.

I have set my first take profit about 150 pips away and then my sencond one about 300 pips away.

This should be a highly profitable trade and would recommend all to jump in.

I suspect this trade will be rising for the next few days and I will be looking for other opportunities to buy the dip in this position.
Trade closed in loss of 105 pips.
It's called support, resistance is the opposite :)
TriggerTrades vlad.adrian
sorry wrote this when very tired. lol
sorry I meant the DAX. don't know where my head is at :-)
Apologies this is the DAX (wrong chart) technicals are right however.
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