Trade of the Day DAX

DAX is testing the wedge resistance line

 

DAX is testing the wedge resistance line 15000. A break below could lead to a medium-term uptrend and downside reversal 13800. A break above 15150 is required for this medium-term uptrend to be extended. Recent price action is indicating a squeeze and we should see a new greater swing move.

Note – look for a short trade at the market with the stop loss just above 15100

DAX price action trading strategy

 

 

 

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