DAX / DEU30, daily tf, buy on support at oversold condition
Hello my friends,
Today i spotted a good setup on DAX / GER30 indicies.
After marking all the potential support and resistance, i found that price currently on support level.
Price go down aggresively since 12600 to 11600. It goes down 1000 pips in just 3 days.
We could see price retrace back up to close the gap before continue south.
Buy DAX / GER30 at 11600
Stop loss at 11400
Take profit 1 at 12000 (2R)
Take profit 2 at 12500 (4.5R)
Use only 1-2% risk
Good luck
Today i spotted a good setup on DAX / GER30 indicies.
After marking all the potential support and resistance, i found that price currently on support level.
Price go down aggresively since 12600 to 11600. It goes down 1000 pips in just 3 days.
We could see price retrace back up to close the gap before continue south.
Buy DAX / GER30 at 11600
Stop loss at 11400
Take profit 1 at 12000 (2R)
Take profit 2 at 12500 (4.5R)
Use only 1-2% risk
Good luck
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