Chart is moving in a triangle. Most likely the Bund will continue its downtrend untill approx 170.
As the ZN, the FGBL can be also a good asset to buy or keep in your portafolio if the second seller wave are confirmed
German bund looks like a double top with divergence on the RSI. A break of the neckline would trigger a sell. Targeting the test of the trend line. Good Luck and Stay Healthy!
TVC:EUBUND Greetings dear traders! Thank you for the attention given to this analysis and thank you for expressing yourself with a like or a comment! However, my analysis aims to complement yours to increase the probability of success! Thank you and good luck!
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Some techniques i like to employed into my trading is: - Creating a range using Last week Price Action - Creating a range using Monday Price Action Key levels Identified: 1) Last Week High 2) Weekly Open 3) H4 Resistance turns support 4) Monday High
Here expecting Equities and Yields to perform the same dance till we clear the next important CB combo in September. We are at a crucial point in the cycle, a superb time for short covering to begin and with that the opportunity to ride a temporary correction before ECB/FED Sept. A good example of a positional trade ahead of the ECB beginning to cut further;...
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The corrective process is underway in German 10-year yields. The market met the criteria for the 3rd wave extension, since then we have retraced 23.65 of the prior leg down. A log of congestion here, expect oscillation for some time in this 4th wave (no surprises here for the FED / ECB combo coming later in the month). For confidence in a base formation we would...
Here we are tracking the completion? of an ABC sequence. This should attract buying interest in usual circumstances however alarm bells are ringing after the ECB could only go one month with the tap turned off. Tracking these lows very carefully over the coming days with risk from Brexit, Meuller and Turkey around the corner. All the best.
Buying the german government bonds for 5th wave up
I have read an article today about the possible merger between Commerzbank and Deutsche Bank, few people seem to be reading up on it! Very soon we will hear about how EU banks are a zero and Deutsche will be the first to collapse. A backdoor bailout is likely to change that.
I have taken a tactical short position in German Bunds - based on little more that the fact that we're at the top of a channel range. I prepared to get stopped out, if we being to move higher.