DAX Double Top and Fib Retracement Trade Short

DAX index of German listed sharesFXCM

Description

⋅ Sep 16, 2016 3:30 AM

here is why Why i am selling;
1-Double top confirmed on September 13th
2-it had retracement to the double top breakout level
3-0.382 Fibbonaci Retracement of June 24th low to August 15th high points almost as same level as double top target

Comments

theBarrenWuffet

⋅ Sep 16, 2016 3:35 AM

10550 is the Stop Loss level for this trade

nahian87

⋅ Sep 16, 2016 3:31 AM

I think it will go upto 10500 before go down.