Currently we might set-up a cup with handle pattern in the DAX.
If we break out; my target would be 13,400 -13,450 (extrem scenario 13,550).
If we do not break out, I simply do not trade this pattern.
If we break out; my target would be 13,400 -13,450 (extrem scenario 13,550).
If we do not break out, I simply do not trade this pattern.
Trade active
Comment:
SL: 13,060
Trade closed manually:
I close the trade manually. I was missing some momentum today when ZEW data was released. Also, there could be a push tomorrow, but right now I'm not sure if the push will last long.
I opened the trade at around 13150 with an SL of 13,060, this gives me more or less a profit of 100 points. This still provides a RR of 1: 1 (not my favorite).
I opened the trade at around 13150 with an SL of 13,060, this gives me more or less a profit of 100 points. This still provides a RR of 1: 1 (not my favorite).