DAX IndexShort
GER30: Low Risk Short Into Previous Structure Support
I wanted to hold this for my webinar with Tradingview today, but it looks like we're already starting to move so I'll give it a share as well. By the way if you haven't registered here's the link blog.tradingview.com/?p=1083
Live Room members, if you remember last week we talked a lot about waiting for opportunities where the risk reward is heavily in our favor, especially if we want to take an aggressive approach. Well on Friday we came right into previous structure support which should now act as resistance on the Ger30. Conservative traders I would key in on this level and wait for a double top for a more conservative approach.
No tricks to this trade just LOOK LEFT as structure will leave clues. Although we're in a heavy bullish trend on the HTFs, we have seen some relief as of late. I'm not sure how long this relief will last but for the bears there is a lot of continued opportunity to the downside.
Live Room members, if you remember last week we talked a lot about waiting for opportunities where the risk reward is heavily in our favor, especially if we want to take an aggressive approach. Well on Friday we came right into previous structure support which should now act as resistance on the Ger30. Conservative traders I would key in on this level and wait for a double top for a more conservative approach.
No tricks to this trade just LOOK LEFT as structure will leave clues. Although we're in a heavy bullish trend on the HTFs, we have seen some relief as of late. I'm not sure how long this relief will last but for the bears there is a lot of continued opportunity to the downside.
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