Wirehair

Low risk pairs trade opportunity

FX:GER30   DAX Index
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1
If you are unsure what direction equities are heading then trade indices in pairs. Right now the DAX has retreated a bit and is now testing previous resistance from before the May 26 breakout, whereas the S&P is still challenging new highs. Eventually one can be expected to catch up with the other.
Buy the DAX and sell equal value of the S&P and be ready to hold for a week or maybe two,
Good luck and as always be careful with your money.

Comments

Tks, I agreed. Another way is wait.
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