justatrader

DAX - Looks like an up day today

Long
FX:GER30   DAX Index
2
Price action on daily charts shows a bullish engulfing. On the h4 time frame, price just spiked out of the falling price channel. Buying on the dips near 11518 - 11500 targeting 11954 - 12000 on an inverted head and shoulders pattern with stops just below 11416.
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