tradewithhedge
Short

DAX at channel resistance and resistance line

FX:GER30   DAX Index
Hi Traders,

DAX             today reached its channel resistance and also resistance line around 11,620. I expect for him to find resistance in this zone, however, It wouldnt surprise me see him making another high tomorrow to touch that 0.618% fib at 11,731 and fall, HOWEVER, we need to close the daily bellow channel line to show that sellers put some short orders.
Stop loss I would put at 11,840 (abit higher than the last high to not see DAX             stop some trader out and than fall).

Thanks for looking!

Thiago Duarte
@thiagotrader
thiago@duarteinvestmentgroup.com
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