Forecast to short the Dax from 14960, with a 100 point SL.
Looking at the confluences; we have a third touch on a trendline, a Key level (previous wick area), as well as the 15000 round number present. With economic conditions and macro conditions being bearish for markets, the idea fits the narrative. Taking partials at 1:1 and 1:2, with the final take profit at TP3.
If this trade plays out I will be using the runner from it to cover a but from the lower Daily wick below TP3.
Later Traders..
Looking at the confluences; we have a third touch on a trendline, a Key level (previous wick area), as well as the 15000 round number present. With economic conditions and macro conditions being bearish for markets, the idea fits the narrative. Taking partials at 1:1 and 1:2, with the final take profit at TP3.
If this trade plays out I will be using the runner from it to cover a but from the lower Daily wick below TP3.
Later Traders..