Short setup for DAX30

Hello Traders !!! Hope you are doing good.

I've been actively trading for 8 years now and in all my experience I have never seen the market being so out of place so this is why my favorite action now a days is to wait for the best moment to get in the market. I recommend using lower exposures.

DAX as I see it is under a key area that has been resistance turned into support and now is resistance again. So i will monitor the price action inside this area and what i will do is to sell DAX from inside those levels with a target of 12250 but this is only if resistance holds in place. If it breaks above that, i will not buy. I will wait for the price to move higher and cover the gap at 13500 and from there open a sell with target back down to the area mentioned on the chart @ 13000.

Patience is the key in today's market.

Please share your ideas and your thoughts in the comments so we can grow together. Best of luck

註釋

Opened trade at 12630 with SL at 12700 and take profit at 12250
Finger crossed

註釋

Placed a positive stop loss on the trade. If it will be triggered I will watch again the same levels to reopen.

註釋

Just closed DAX with 60 points of profit because i believe it will try again to test the resistance. The setup is still valid. if the resistance holds then I will reopen Sell, if not I will wait for the price to reach the gap and then reopen sell. I believe it to be too risky to open buy at this prices.