Dear Price Action Trading Signal Fellows

The FX price action trading signal from last time is still working out. It has retraced a bit, but is starting to show some signs of exhaustion. I have considered closing my position, but for the moment, I just closed half of my position and will let the other one run. The S&P500 price action trading signal from last time was stopped out.
Regarding today’s trading signal, it is coming from DAX. As you can see from the screenshot, the price gave a nice bearish rejection just above the level of 10,730. That has reulted in a pin bar just above the minor support level. This is giving green light to a lot of traders. It will ignite a lot of new bulls to rush and push the price higher. My entry is going to be at 10,850. The stop for this trade will be placed just below 10,715. My first target is the level of 11,000.

Happy Trading,

Colibri Trader

(Visited 401 time, 1 visit today)