Market watch $DAX 6/07/2017

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On our market watch, today is DAX. The pair is testing the 12900 level. Rejection from this level is leading to a test of 12600 uptrend line. The daily close below this level will lead to an extension lower into 12155 level. 

The possible trading strategy is going short at the market (immediate order execution) with the SL just slightly above the 12860 level targeting 12155 level at least.

Happy trading! (click on the chart to enlarge it)

 

 

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