DAX 40 is heading towards the resistance line of a Rising Wedge and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Supported by Upward sloping Moving Average
Target: 23899.8651 Entry: 23701.3 Stop: 23503
The price of DAX 40 in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction.
USDCAD is trapped in a Inverse Head and Shoulders formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now
This trade setup on ASX 225 is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer