Riembaus

Bounce continues, but how far

Long
FOREXCOM:GER40   Germany 40 CFD
We saw a nice bounce from lower resistance on $DAX on Friday. I believe we could be in for a trend day on Monday taking us to 12.155, if we manage to break through that area we could see another test of the top of the trend channel, but I find that unlikely. I might try a long Monday morning depending on how it opens, but will definitely look an opportunity to short once we see development at 12.155.

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