DAX - Selling again today

OANDA:DE30EUR   Germany 30

Trade Idea

Trading within a Corrective Channel formation.
Bespoke resistance is located at 12300.
There is scope for mild buying at the open but gains should be limited.
Broken out of the Head and Shoulders formation to the downside.
Preferred trade is to sell into rallies.
Expect trading to remain mixed and volatile.

Stop: 12465
Target 1: 12240
Target 2: 12135

The move to 12405 triggered our short trade
Updated: 2019-07-23 08:24:29
Comment: Our read is a little off in DAX. Continued EUR weakness continues to be bullish for equities.
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No more up side left at most 20-30 point 12525 area this is it , so long must revers at current level. just my two cent
+1 Reply
Hi , i don`t think that you are wrong general ,i think just level of SL or entry level . Good luck
I am short
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