Dax 30 trading analysis 05/10/2020
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:
- Another bullish pin bar
- Bullish engulfing
- 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
p.s.
If you have any questions, please let me know at admin@colibritrader.com