Trade of the day DAX

DAX is bouncing from the swing range support

 

DAX reached the 15000 support and is bouncing from it for another swing higher inside the range. This is a long-term bearish resistance also. Upside swing from here could target 15500 where is the key support for a reversal lower and a key resistance for the upside continuation to 16000.

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

 

DAX price action trading strategy

 

 

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