Dax: Short term long setup
Updated
There can be a significant short squeeze in the Dax this week.
We can enter longs as described on chart, the price should move up strongly very soon, reaching the 10977 target in little time.
Good luck if taking this trade.
Cheers,
Ivan Labrie.
We can enter longs as described on chart, the price should move up strongly very soon, reaching the 10977 target in little time.
Good luck if taking this trade.
Cheers,
Ivan Labrie.
Trade active
Trade closed: stop reached
With today's movement expanding the daily range, we now need to wait 3 days to see if the support here holds.Comment
Support isn't holding, it might be safer to short than to be long here. Or look to short Deutsche Bank instead.Trade active
"5 hours agoComment: Support isn't holding, it might be safer to short than to be long here. Or look to short Deutsche Bank instead."
...glad I flipped short at 10477.5, stop 10613
Trade closed manually
Exit was 10311 for a 1.25R win.Comment
The Brexit support held. I'm looking to reshort higher, speculating on the DB mess not resolving. But we'll see after the next Frankfurt session opens.
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