German Stock Index DAX (Aug 2018) (Can Swing Back Up)
Updated
This will be my views of German Stock Index DAX Aug 2018.
Please make sure to read the "update" comment as there will be changes along the way.
You are welcome to "Like" and "Comment".
Cheers.
S0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Please make sure to read the "update" comment as there will be changes along the way.
You are welcome to "Like" and "Comment".
Cheers.
S0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Note
It is true that DAX is in downtrend, but the current level shall be proven to be a good support(12080 to 12200) too. So, it is considered late to short. So, we can go for a potential swing up.
EP Buy anywhere before 12100
SL 11960
TP1 12390
TP2 12500
Note
Update on DAX 23 Aug 2018Our expected TP1 is hit.
Now we can see a small resistant is coming in as it paints a doji candle in the daily. We took some profit and we move our SL to break even and it is risk-free now.
If you are looking for a long, please be careful as well.
Trade closed: target reached
View on DAX German Index 29 Aug 2018TP2 hit.
Now it has a decent Bear PB.
Take all profit now, and enjoy your Wednesday.
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