DAX IndexLong
DAX at channel support (R/R is amazing here, but don't buy big!)
Hi traders,
At the moment we are at the bottom of a long channel on the DAX. I think it is worth to try a long here because of the risk/reward. As you can see on the graph, my trade plan is to buy here with SL very close and a TP near 10,610.
Ratio: 4.09 (amazing!).
However, long term I am bearish indices, so I recommend buying small here.
IF we see RSI breaking the 30 line and trend lines too, we might be ready for a bigger bounce to 11,000 maybe or higher. (keep this in mind).
Good luck!
Thiago Duarte
ThiagoTrader
thiago@duarteinvestmentgroup.com
At the moment we are at the bottom of a long channel on the DAX. I think it is worth to try a long here because of the risk/reward. As you can see on the graph, my trade plan is to buy here with SL very close and a TP near 10,610.
Ratio: 4.09 (amazing!).
However, long term I am bearish indices, so I recommend buying small here.
IF we see RSI breaking the 30 line and trend lines too, we might be ready for a bigger bounce to 11,000 maybe or higher. (keep this in mind).
Good luck!
Thiago Duarte
ThiagoTrader
thiago@duarteinvestmentgroup.com
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.