The Trading Signal Of The New Week

Analysing the trading signals from last week, I can definitely say that it was full with great trades. The last trading signal coming from the GBP/USD has just started revealing itself, while the rest of the trading signals have already almost reached their targets or surpassed them. Trading is a tough business, but once you get the ins-and-outs of it, it is probably the most thrilling thing to do for a living. It is definitely not a 9 to 5 job and is not one that requires you to be in the same office day and night. Well… let’s stop daydreaming and have a look at the trading signal for next week.

The EUR/USD has formed a bearish rejection candle on the daily timeframe. It is actually a pin bar, which has gained a lot of attraction. The buyers are willing to push the price higher and higher. My entry for this trading signal would be the level of 1.1260. The stop is placed at 1.1135. The first target of this trade is the level of 1.1500. Then it will come down to price action.

Happy Trading,

Colibri Trader