Germany 40 CFDShort
DAX DAILY SHORT SWING TRADE
DAX is hitting a powerful resistance level which has seen recency, strength & frequency since summer 2020. Double top showing on the 240 chart with a possible red kicker candle. Do choose your entry reasoning wisely & always manage your risk. We could see a failure on positive covid vaccine news, but interest in that could wane sharply as we saw recently.
S.L. 13520.6
Entry 13270.7
Take Profit 11721.2
Risk Reward = 6.2/1 (or 2.73/1 for conservative trades).
S.L. 13520.6
Entry 13270.7
Take Profit 11721.2
Risk Reward = 6.2/1 (or 2.73/1 for conservative trades).
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.