DAY - Ger30 Long - Triangle

1 Şub 2016

GER30 - Dax
-Classic triangle formation. If broken to the upside -> bullish signal
-Stops should be around the recent lows. Around 9620-9520 depending the risk you are willing to take
-First Target to take profits around 10100

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With the recent Bank of Japan decision to lower their interest rates to negative rates, we should see a lot of sentiment shifting in the markets. Especially Indices are interesting since Central banks are behind a bullish trend overall.

The BoJ decision should create some pressure on the ECB to act at the next meeting to expand the size of their QE / other drastically decision to fight inflation. These stimulus should give some bullish momentum at least short/mid term.

In the end everything will collapse at some point. QE will just make the bubble bigger before it bursts.

Good Luck Trading!

11 Şub 2016

Not

stopped out bad bad trade :(