Dax in a rising channel with higher lows. low risk trade to the upside risk just over 1% profit if makes it 5% approx
start short if below red line on chart.
Fundamentals helpful as USD strengthening against EUR. which helps tourism and exports. interest rate environment still has a long time to run thus helping companies with financing and expansion.
start short if below red line on chart.
Fundamentals helpful as USD strengthening against EUR. which helps tourism and exports. interest rate environment still has a long time to run thus helping companies with financing and expansion.
Comment:
Stop moved to 10250. we are in profit now in cumulative position and now what ever happens we walk away with a nice trade.
Note. since I have tighten my stop is very possible that we may get stopped out. but as mentioned a decent distance for a stop on DAX is 100 points I find. we are only 83 now.
Note. since I have tighten my stop is very possible that we may get stopped out. but as mentioned a decent distance for a stop on DAX is 100 points I find. we are only 83 now.
Comment:
Trade Closed
Just watch possible short below 9751. Still in play.