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hex0x40
Feb 27, 2017 12:19 PM

Ascending channel : testing new highs ? Long

Germany 30OANDA

Description

We are entering inside a warning zone, so, we must take care (eventual trade cancellation).
I'll keep you updated about new observations.

Comment

We got back inside ascending channel. Meanwhile, we are still within the defined "warning zone".

Comment

We need to stay cautious but a breakout appeared above the resistance of the ascending triangle :
<img>tradingview.com/x/h6DhXrWo/</img>

Comment

Price is riding within "warning zone". Stay cautious.

Comment

Too risky. Close at breakeven.

Trade closed manually

Comment

It was a nice setup, in fact :)...

Comment

DAX hit the top of the defined ascending channel. Time to consider idea suggested by PSVert :
Comments
trader123123
going up.. good job
hex0x40
@trader123123, Thank you :). But only consider TP1 as sure :). TP2 might not be reached :).
Dude1913
You're right, markets are just a gamble next few hours.....
hex0x40
@PSVert, Sometimes, it's wiser to close at breakeven :)...
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