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

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