Long

DAY - Ger30 Long - Triangle

Updated

- Dax
-Classic triangle formation. If broken to the upside -> bullish signal
-Stops should be around the recent lows. Around 9620-9520 depending the risk you are willing to take
-First Target to take profits around 10100

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With the recent Bank of Japan decision to lower their interest rates to negative rates, we should see a lot of sentiment shifting in the markets. Especially Indices are interesting since Central banks are behind a bullish trend overall.

The BoJ decision should create some pressure on the ECB to act at the next meeting to expand the size of their QE / other drastically decision to fight inflation. These stimulus should give some bullish momentum at least short/mid term.

In the end everything will collapse at some point. QE will just make the bubble bigger before it bursts.

Good Luck Trading!

Note

stopped out bad bad trade :(

TReano

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