DAX - Triggered Long

DAY TRADE - EXPIRES AT 9PM

Trade Idea

Broken out of the wedge formation to the upside.
The medium term bias remains bullish.
Bespoke support is located at 12226.
Positive overnight flows lead to an expectation of a firm open this morning.
Further upside is expected although we prefer to set longs at our bespoke support levels at 12300, resulting in improved risk/reward.

We look to Buy at 12300
Stop: 12250
Target 1: 12500
Target 2: 12600

Updates
The move to 12300 triggered our long trade
Updated: 2019-07-15 10:39:38

Comment:

In the interest of money management, we look to move the stop to 12290. No profit has been taken

Updated: 2019-07-15 11:23:42

Comment:

In the interest of money management, we look to move the stop to 12360. No profit has been taken.