DAX - Simple bullish breakout setup
This is a simple setup that could yield around 300-350points.
Simply waiting for a break above the resistance zone.
Personnaly, I'm putting a buy order at 13250 with a Stop of 60points.
If we see a big candle breaking higher with high volume confirming the move, I will immediately move my stop to it's opening price.
Beware fake-outs though !
If price breaks out but comes back down again, support is around 13150 at first followed by 13096 next.
If this goes below that level I will simply cancel my order.
Simply waiting for a break above the resistance zone.
Personnaly, I'm putting a buy order at 13250 with a Stop of 60points.
If we see a big candle breaking higher with high volume confirming the move, I will immediately move my stop to it's opening price.
Beware fake-outs though !
If price breaks out but comes back down again, support is around 13150 at first followed by 13096 next.
If this goes below that level I will simply cancel my order.
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Questions? Chat or Comment on Ideas
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Thanks !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
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