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DAX30 Trendline Breakout And Short Opportunity Update: TP1 Reached

DAX30 Trendline Breakout And Short Opportunity Update: TP1 Reached

We have published our long term forecast of Dax Futures. We have a running short trade with midterm purposes. Slowing down the German economy adding weight on Dax futures.

Technically, the Index broke the short term bullish trend line. We enter a new short position here. Our setup is as follows:

Trade: Short

Time Frame: H4

Trade Period: Intraday  / Midterm

Estimated completion time: 2-26H4 Candlestick

The trend in the Timeframe: Neutral

The trend in the Daily Chart: Neutral

Trade Based On Trendline Breakout

The accuracy of the pattern: 93 %

Recommended Lot Size: 0.10 at 10K

Area of the Entry: 11.130

Stop Loss: 11.270

Target 1: 11.020 / Reached

Target 2: 10.900

Target 3: 10.500

Update: TP1 REACHED. We close 50% of the positions and move SL to entry.

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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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