Dear Price Action Traders

The trading signal from last time was at the bottom of USD/JPY. I have been stopped out for a few points, but that is part of the game. Maybe some of you that had a larger stop-loss than mine would have made an awesome return. You can share in the comments below of your returns.
Today’s trading signal is coming from the German DAX. I can see a that price has bounced off the support level at 9300. It has formed a bullish engulfing pattern and is ready to pick more buyers. I am waiting for a small retracement back down to 9750. Then, I will be going long with a small stop loss placed just under 9550. The first price target is the level of 10,000. THe secondary price target is the level of 10,300.
Happy Trading,
Colibri Trader

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