Long position can be developed in this next week if we can close above 199.50. we came down into resistance area so we should be safe putting sl under it at 185. RR isnt perfect but we could get to our target 214. Move BE when price at 205. Its quite a big red candle and dont want to be caught in trend change.
Nice setup to the short side. Strong bearish candle close under 10lmwa. RR is only around 1:1 but this could go a long way down. Half close at target area and other half to move sl to BE. Expect this trade to end in this week. Would be more sure in this trade if volume would be higher above average but on the other hand when we have big candle and the next one is...
I expected DAX to get to the end of a bullish trend a while ago but didnt happen. now we are on the verge of a bearish trend and candles confirms that with daily candle closed below lmwa10. SL is above recent high at around 13105 and first take profit target 12670 and second at 12380.
