DAX IndexShort
DAX Short
Updated
I'm bearish the Dax which might be going a little against the grain here but I think this consolidation is now coming to an end and see a good RR reward here if price breaks to the downside.
At this level the risk is minimal and I've now entered at 10070 with a stop at 10160. If price does break up and makes a new high above consolidation I can then have my eyes set on 10300 and or 10500 which will offer another good RR opportunity.
Since I am seeing this consolidation coming to an end I am therefore setting my sights on the April lows shown in the blue box as my target.
Good Luck
At this level the risk is minimal and I've now entered at 10070 with a stop at 10160. If price does break up and makes a new high above consolidation I can then have my eyes set on 10300 and or 10500 which will offer another good RR opportunity.
Since I am seeing this consolidation coming to an end I am therefore setting my sights on the April lows shown in the blue box as my target.
Good Luck
Trade closed: stop reached
Trade close the DAX Machines triggered my stop on the open.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.