FDAX is bullish and approaching a measured move target zone of 12550-12575. There is no guarantee that this area will slow price down, but it’s a higher probability than other areas. We are looking for whether this area creates the opportunity to profit from a pullback, rather than looking to short it. But PUT options seem interesting and scalp shorts seem interesting, given the right setup.
If we break below the VAH from yesterday, then the POC seems the most likely spot to look at a long. Below that we have a many alternative support zones and gaps to fill.
Strategy: assuming the NK relief rally is one of the main drivers for current market optimism (and it continues); buy the dip
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