Dax Short Idea at minor resistance
given the selloff from the upperlimit of the channel and the resistance that price found
at 11290 , the current lower high and a resulting break of the demandline will be a good short
opportunity to test the lower support at 10930 and further the lower limit of the downchannel
at arround 10700 again.
www.invezted.com
Entry: Sell Stop @ 11160
SL : Buy Stop @ 11306
Target : (1.) @ 10970 ( 2.) @10700
Manage: Reduce risk or Pull SL to Breakeven on a reaction at 10970
SETUP: Will be invalid on a break of the resistance level
PS. should price continue to rally, the next short opportunity would reveal itself at the mean of 11485
at 11290 , the current lower high and a resulting break of the demandline will be a good short
opportunity to test the lower support at 10930 and further the lower limit of the downchannel
at arround 10700 again.
www.invezted.com
Entry: Sell Stop @ 11160
SL : Buy Stop @ 11306
Target : (1.) @ 10970 ( 2.) @10700
Manage: Reduce risk or Pull SL to Breakeven on a reaction at 10970
SETUP: Will be invalid on a break of the resistance level
PS. should price continue to rally, the next short opportunity would reveal itself at the mean of 11485