DAX - Buying at channel support.

DAY TRADE - EXPIRES AT 9PM

Trade Idea

Trading within a Bullish Channel formation.
We have a 50% Fibonacci pullback level of 12130 from 12661 to 11600.
As this corrective sequence continues we look to set longs on a dip at better risk/reward levels.
The medium term bias remains bullish.
Preferred trade is to buy on dips.

We look to Buy at 12130
Stop: 12050
Target 1: 12330
Target 2: 12400