German Stock Index DAX (It is in the pullback mode)
View On German Index (7 Mar 2018)
Let's make thing clear first. DAX is in the uptrend in mid-term (one to 3 months time horizon). Agree? read on.
There shall be some pullback in every strong trend and now we are in one of them.
It is currently in a pullback mode and it shall be shortlived. If you have shorted already, let the price action to show you.
Once the price reaches decent support and starts to show the bullish candle, it is where you should take your profit from your short position.
I expect it to go to 11,420 level first. Let's see.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Let's make thing clear first. DAX is in the uptrend in mid-term (one to 3 months time horizon). Agree? read on.
There shall be some pullback in every strong trend and now we are in one of them.
It is currently in a pullback mode and it shall be shortlived. If you have shorted already, let the price action to show you.
Once the price reaches decent support and starts to show the bullish candle, it is where you should take your profit from your short position.
I expect it to go to 11,420 level first. Let's see.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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