LONG ON THE DAX

Actualizado
We are in the second cycle on this medium term up trend.
Price came to a favorable Risk/Reward area and we pulled the trigger.

ps.Using new account (previous account/jurejepabk)
Operación activa
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Operación activa
The sharp rejection and the spectaculare bullish strenght is apparent now. So if we close below the structure at 11483 area we reverse the position whit tight stops and see what happens.
Operación activa
the ownership is still in question the position remains. Bulls show some strenght after all and the area of 11483 was only touched... lets give this trade the time to develope and lets see what the market has to say.
Operación activa
imagen
Operación activa
imagen
Operación activa
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Operación activa
Finally got the bounce we wanted stops moved just bellow the most recent structure
Operación activa
If the current candle keeps the decision formation it gives us a nice place to further reduce the risk
Operación activa
And finally BE+5
Operación cerrada: precio stop alcanzado
And we got taken out +5 pips is better than negative 1. This trade is definatly getting in the log as a good trade.
Now taking a step back analyzing the long term and the short to prepare ourselfs for tomorrow
Chart PatternsHarmonic PatternsTrend Analysis

Exención de responsabilidad