Trading Signal Example - DAX 30
If you are a member of our trading signals group you would have taken advantage of our signal on the DAX 30 on Tuesday. On Tuesday the DAX hit our target of 13900 and triggered sell orders. We instructed our group to place sells with a target of 13000 and a stop loss at 14050, providing a strong 6:1 reward to risk opportunity, as of writing this we’ve made 400 points and have advised our members to place a stop loss at 13700, ensuring a minimum gain of an excellent 200 points. Take a look at our analysis below and decide for yourself if you’d like to be part of a winning team. We’re currently running a promotion that gives you a full month of free access to our trading signals.
As you can see the DAX approached a sloping downtrend line that started 3 weeks ago after reaching all time highs, we anticipated that the market wouldn’t breach the 14000 mark again forming a 3rd weekly lower high and giving us a great set up to sell the market. Following a long term uptrend line from the yearly lows in March and with the 200 day EMA at 13000 we set a target zone of 13300 to 13000 to take profit in. We anticipate that we will reach this stage within the next week if not on Friday as the market mood sours within the EU as the vaccine roll out is hitting roadblock after roadblock.