DAX has broken the mid-term down-trend line!
DE30EURDAX has broken the mid-term downtrend line, and closed above it on last Friday with good momentum.
Potential buy setup with approximately 1:4 risk to reward ratio is possible.
We may paste a trade directly, or wait for the price to re-test the downtrend line for solid confirmation if you prefer a more conservative move.
Either way the stop loss should be set at least 13165, and the final tp target will be at the historical high, 13828. Please take note that, along the way there will be two off supply zones which will potentially create resistances, they are at 13430-13470 and 13656-13697, partial profits can be taken when it reaches these two zones.
Stay tune for the updates:)
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