Trade of the day DAX

DAX is testing the significant downside resistance and upside support

 

DAX is testing the strong downside resistance and upside support 15000. This is a horizontal long-term resistance coupled with a rectangle support line. A break below this level will lead to a downside reversal into the channel support line 14200. A bounce here is a higher probability and alone more swing to a 15000 range high.

Note: look for the long trade with the stop loss below 15000

 

DAX price action trading strategy

 

 

 

 

 

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