Dax – Chart of the Day: 2nd May 2018

One of the most interesting charts out there at the minute – Dax is below a big area on the hourly chart. A good play would be to look for longs at the 12480 area in preparation for a probe of 12650 liquidity.

If the lower level isn’t tagged before we take the highs, it will be worth looking for longs off of 12650 as we explore to new areas of value. I will only be looking for longs there if we accept above – meaning we spend time above there and don’t immediately fall back into the range.

 

A chart showing the Dax and a trading setup on it

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