Dear traders,

Last week ended on mixed results for me.

I had a trade that was stopped out- USDCAD.

I am on the other side back to this trade.

As you can see on the screenshot below, there is a micro supply zone that was met by a bearish rejection candle.

GERMANY 30 (DAX) Trading Analysis

The daily candle closed as a pin bar. I am looking for the next barrier at 1.3500 and then to 1.3350.

The previous trading analysis on AUDUSD that I have made is still looking bullish.

The daily chart is showing a small pin bar, which confirm the bullish outlook.

GERMANY 30 (DAX) Trading Analysis

Today, I am looking at the German stock market- DAX30.

I managed to get into a long trade on Friday based on the screenshot below:

GERMANY 30 (DAX) Trading Analysis

There was a strong demand zone on the 4H chart.

Secondly, there was a bearish rejection candle at 12500 and this gave way to more bulls to enter the scene.

I am currently looking at the 12900 level.

Price might make a small retracement and then I will be looking for a potential second entry.

The daily chart is showing a bullish engulfing candlestick, which supports my view that we are about to see more bulls down the line.

Happy Sunday,

Colibri Trader

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