Signal_Centre

DAX - Inverse head and shoulders

Long
OANDA:DE30EUR   Germany 30
Looks like this is getting away from our ideal entry level. However, it looks a good candidate to buy on dips on the short term.

Trade Idea

Broken out of the Head and Shoulders formation to the upside.
Positive overnight flows lead to an expectation of a firm open this morning.
Price action looks to be forming a bottom.
Bespoke support is located at 11750.
Further upside is expected although we prefer to set longs at our bespoke support levels at 11750, resulting in improved risk/reward.

We look to Buy at 11750
Stop: 11680
Target 1: 12070
Target 2: 12200
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