On this market watch, we are giving you a head up on a DAX.
On the weekly DAX chart, we can see that the instrument is forming a possible H&S formation, as the potential right shoulder is being formed. Reversal today below the 13000 level at the beginning of the week is indicating a continuation down to 12500 level. Based on this key level price action we have a short trade.
How do our trade alerts work?
FIRST 2018 SIX MONTHS 42% NET PROFIT
We have used the top-down trading analysis to get to this trade entry and a daily price action is offering us a good risk to reward trade entry. If you enter a trade at the market open, on the market price, place a stop loss at 13054 targeting 12450 at least.
Happy trading! (click on the chart to enlarge it)
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Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. We are publishing 5-10 trade alerts per week via real-time Private twitter feed!