persistent_edge

DAX long rotation again

Long
persistent_edge Updated   
PEPPERSTONE:GER40   German 40 Index
Here we go again...! This market failed at the bottom of the range now we rotate higher again. Same setup different day. Now we see if there is enough to get the breakout, or will the market fail to reach the high again and rotate bearish again. We don't know, but will find out in due course. Make sure you have your seat on the train well before time and don't try to jump on at the last stop when it's too late...
Trade closed manually:
Far too much supply in this consolidation to take the risk of holding. Might be yet another shake out before a break to the upside but if it is there will be more entries on the breakout - so no need to hold through this.

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