Last week created a lower low for the dax. We managed to carve out a head and shoulders and we want to ride completion of the pattern then also reach for the weekly kijun if price action allows.The lagging is free to fall. We put 2 equal small positions.
Entry: 12 908.99
SL: : 13 202.10
TP1: : 12 452.82 ( RR-1.55)
TP2 : 11 859.23 (RR- 3.31) ( we carefully watch the kijun which might curve upwards towards 120000,if so we close at that level)
Entry: 12 908.99
SL: : 13 202.10
TP1: : 12 452.82 ( RR-1.55)
TP2 : 11 859.23 (RR- 3.31) ( we carefully watch the kijun which might curve upwards towards 120000,if so we close at that level)
Trade closed: target reached
1st TP reached @ 1.55 R. We might have to adjust the 2nd TP to the 12 000 due to the support given by the monthly cloud which can be strong. So if we see price losing momentum around that zone we close manually.
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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.