27.09.202218:21 Forex Analysis & Reviews: Trading tips for DAX

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All branches of the Nord Stream pipeline have been closed due to a possible sabotage. This creates an opportunity for traders to short the DAX index.

Since previous price movements form a three-wave pattern (ABC), where wave A represents bearish pressure, traders can enter the market by selling from current prices up to the 50% retracement level. Set stop loss at 12415, then exit the market on the breakdown of 12160.

This trading idea is based on the "Price Action" and "Stop Hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.

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