Dear traders,

Last week was very rewarding in terms of trading.

Last week I entered in a long Gold trade, which I shared in my trading room.

I wrote about a potential long entry on my website, too HERE a couple of weeks ago.

So far the trade is going great.

I am going to let it work itself out.

I entered in a long trade at 1858 and am still not seeing a reason to close it.

Dax 30 trading analysis 05/10/2020

Today I am looking at the Germany 30 as a potential trading instrument that is showing bullish signs.

The day on Friday closed as a bullish pin bar.

The candlestick pattern formed on a micro support level as indicated on the screenshot.

I will be looking to see how the price will open in the next trading session.

Ideally, I would like to see a pattern confirmation on the 4H chart.

Such a pattern could be:

  1. Another bullish pin bar
  2. Bullish engulfing
  3. Inside bar

There is a minor supply zone at around 12950-13000.

These levels could be a good first target in case I enter into a long trade.

Happy Trading,

Colibri Trader


If you have any questions, please let me know at admin@colibritrader.com

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