Master the IBWT pattern

Want

Get it now (risk-free)

8 patterns that make up 98% of my PA income

Get it now (risk-free)

Learn the Scalping Secrets

Get it now (risk-free)

Read on Mobile Enter Reading Mode

Germany 30 (DAX) Trading Analysis 16.06.2021

Posted on Jun 16th, 2021

by colibritrader

Dear traders,

It has been over a week since I last posted an article on GBPUSD.

This is how the chart looked back then and I was waiting for a clear sign to go short.

Germany 30 (DAX) Trading Analysis 16.06.2021 — 1 July, 2021 Daily GBPUSD

This is how where GBPUSD is trading at the moment:

Germany 30 (DAX) Trading Analysis 16.06.2021 — 16 July, 2021 Daily GBPUSD

The price is currently trading over 150 pips below the price when I wrote the article.

If price manages to hold below 1.4000 then we might see more bearish potential.

If price reverses from here, we might see a bullish breakout above 1.4250.

Germany 30 (DAX) Trading Analysis 16.06.2021

Today, I am looking at the German stock market or DAX 30.

It looks like there is some bearish pressure accumulating.

The daily chart is showing an inverted pin bar and also a small bearish engulfing pattern.

I will be looking for possibly going short if I see a confirmation after tomorrow’s open from the 4H chart.

If price continues the downfall, we might see it re-testing 15500 and why not even the 15000 handle.

Happy Trading,

Colibri Trader

(Visited 656 time, 1 visit today)

Leave a Reply Cancel reply

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Colibri Trader Ltd, its employees, directors or fellow members. Futures, FOREX, CFDs, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, FOREX and CFDs markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.