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DAX30 Retest of the Broken Trendline and Long Opportunity Update: Stoped

DAX30 Retest of the Broken Trendline and Long Opportunity

Description: DAX30 index broke the bearish trendline On H4 Chart. It is likely to retest the broken line and continue its bullish move. Indices like December.

Pair / Instrument: DAX30

Time Frame: H4

Trade Period: Intraday / Midterm

The trend in the Timeframe: Bullish

The trend in the Daily Chart: Bearish

Trade Based On: Trendline breakout

Accuracy: %92

Recommended Lot Size: 0.10 at 10K

Trade: Long

The Area Of The Entry: 11340 – 11310

Stop Loss: 11280 / Stoped

Target 1: 11550

Target 2: 11650

Target 3: 11800

You can view the setup :


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DISCLAIMER: This is a technical analysis study, not an 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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