Trade Alert
Given that DAX has now shifted above its short-term downside resistance line, it increases the chance for the index to travel further up. Looking at the 4-hour chart, we can see that the 200 EMA has held the price down and currently acts somewhat as a resistance area. At the same time, DAX is currently running above its short-term upside support line, taken from the December low. The price may retrace back down a bit to test the upside line, but as long as it remains intact, we will continue aiming higher.
If DAX moves back above the 11180 hurdle again, this could be the gateway to slightly higher levels.
Please see the chart for details and see which target would be most suitable for you.
Always have your SL in place.
Given that DAX has now shifted above its short-term downside resistance line, it increases the chance for the index to travel further up. Looking at the 4-hour chart, we can see that the 200 EMA has held the price down and currently acts somewhat as a resistance area. At the same time, DAX is currently running above its short-term upside support line, taken from the December low. The price may retrace back down a bit to test the upside line, but as long as it remains intact, we will continue aiming higher.
If DAX moves back above the 11180 hurdle again, this could be the gateway to slightly higher levels.
Please see the chart for details and see which target would be most suitable for you.
Always have your SL in place.