Forecast: I am expecting Bund to continue its uptrend going forward next 2 weeks. Currently, this week weekly candle close as an inside bar, suggesting consolidation period. Bund will either expand this coming week or next week.
First: Expansion next week, How to get in?
Trade entry: Long the Daily demand zone, with stop below
Confirmation: Reclaim last week low and eventually reclaim both H4 Support and Last week mid range
Invalidation: Daily candle close below Demand zone
Second: Expansion this week, first wait for monday range to develop, trade will be active afer confirmation is seen
Trade entry: Long at either last week high or weekly open after low of the week is in
Confirmation: Break of previous swing high OR Monday being a down candle and Price reclaim Weekly Open
Key levels mentioned:
- Monthly Open
- Last week high / low / mid - range
- Daily Demand zone
- H4 Support level
First: Expansion next week, How to get in?
Trade entry: Long the Daily demand zone, with stop below
Confirmation: Reclaim last week low and eventually reclaim both H4 Support and Last week mid range
Invalidation: Daily candle close below Demand zone
Second: Expansion this week, first wait for monday range to develop, trade will be active afer confirmation is seen
Trade entry: Long at either last week high or weekly open after low of the week is in
Confirmation: Break of previous swing high OR Monday being a down candle and Price reclaim Weekly Open
Key levels mentioned:
- Monthly Open
- Last week high / low / mid - range
- Daily Demand zone
- H4 Support level