Scalping The Dax

The Dax found support right where you would expect and gifted us with a higher low at the daily and weekly S1 pivots.

I have entered at 10405 with stops below 10315 and expecting a move to at least 10540 leaving the RR at about 1.5 which is ok for a scalp play.

There is also a longer term play which could be considered and is visible in the chart with self explanation.

Regards

Zlecenie zamknięto ręcznie:

Closed this scalp long and I am now short.

Dax fails to move above it's daily pivot update in new chart below.

Closed Trade Manually With No Loss Or Gain At Break Even.

 

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Dax Short From Above Chart In The Money

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Decision Time!