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DAX30 Bearish Cypher Pattern and Short Opportunity

DAX30 Bearish Cypher Pattern and Short Opportunity

DAX30 Index completed a bearish Cypher pattern. The trade setup is as follows:

Time Frame: H4

Accuracy: 64%

Trade: Short

Entry:12276

Stop: 12360

Target1: 12210 / Took partial Profit

Target 2: 12100 / Reached

Update: TP1 Reached. Breakout of Fib 23.6% could accelerate the bearish move. Wait for the breakout of 12200 to add short

Update2: TP2 Reached. Trade closed.

 

 

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

DAX30: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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