I will be looking for a buy opportunity, if the 200 SMA will hold the price.
This level correspond to 50 SMA in daily chart.
This level correspond to 50 SMA in daily chart.
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Breaking this level could open a space for a large decline.
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Secure your position. Hold, if the weekly resistance will be broken.
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TP2: 12 350 reached.
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DAX is now holding it´s gains after breaking the weekly resistance. I think there might be another movement up soon. This time I will be looking for the bounce off the 50 SMA (ideally). So If you are holding your long position you can secure it with SL at previous TP2. Further target will be specified with a new idea published in the end of the next week.
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DAX jump up sooner than I expected.
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New trading idea.
