Wednesday 21 May 2014

Long DAX after breakout

Hi guys

So I talked about last time that the DAX had broken out of the inverse head and shoulders pattern and that I would be looking to get long on a pullback. Now is the time. Price has retraced back to the neckline and is now finding support. Buying pressure is coming in and I believe that it will go higher. I have bought it with my stop loss below the previous low.



Good luck guys and happy trading.

The Trainee Speculator

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