DAX is breaking above the falling long-term trend line
DAX is breaking above the 13200 falling trend line resistance. A break and a confirmation of the break are giving us a higher probability of long trade entries. A break below 13000 is now required for the downside reversal. The overall medium-term is an uptrend and we could only see retests of the broken upside resistance turned support 12500-13000 zone. Use this consolidation to build a long position for the upside continuation.
Note – We are inclined to long trade entries with the stop loss below 12800.
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