Trading Idea DAX
Dear Trading Idea Followers
The trading idea from yesterday has been validated. The trading idea was that EUR/JPY would trigger a buy signal if it touches the level of 135.50. My stop is placed under the level of 133.80. There is still no reason to change anything. It still looks like were are going to experience further bullish momentum. Therefore, there should be no changes made in terms of stops or targets.
Today’s trading idea is coming from our loved DAX that made us the big pips in the last few weeks. For the ones of you that are subscribed to my website, you already have seen the performance of the previous trading sessions. Enough talk, let’s proceed to today’s trading idea itself. I am looking at the daily time frame of DAX. It looks like the German stock market index is getting ready for a new high. There was a pin bar that formed during yesterday’s session. Today, we have a second bullish-bodied candle that is almost covering the bearish red candle from the 15th of February. This is giving us another reason to consider going long, even if we are just below an all time high.
So the entry parameters for today’s trading idea are:
Long at 10,960. The stop should be placed just under 10,760. The primary target is at 11,100 and then 11,500.
Happy Trading,
Colibri Trader
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