Euro-Bund broke though the 61.8% retracement from the high of 154 and the level held as support. Stop loss is kept fairly tight, the price seems to be strongly moving up the channel.
A bullish engulfing candle and today price action is trading within it (need to see close for an inside day confirmation) Potentially, this could be a reversal play or another Bear Flag but the optimum trade is currently within the channel PA still trade below the 20 MA and daily RSI maintain bullish divergence Bollinger Band converging for a potential breakout...
Two weeks ago, I presented a bullish case for the German Bund (www.cfdtrading.com). Prices have since bounced on a long-term trend line at 148.50 are are currently testing a resistance at the 152 level. If this resistance (daily Kijun) breaks, this could be a new bullish signal. Depending on how the euro and European equities trade, my targets will be at 153 and...
German Bund futures in upward correction as greek debt talks seem to bring last minute resolution (if at al). EURUSD moving sideways since 10th of June, in the week ahead focus remains on Greece and ECB speakers.
Reverse bullish momo divergence. BB3std
It's a pretty strong bear market here. Short positions are still favored, esp. if we see another "pin bar".
recent correction in bunds should be coming to an end soon, as price approaches medium-term trend.
The sharp rise in sovereign yields in Europe has taken a lot of people by surprise, and the sentiment in the market is more and more bearish as people are starting to believe Bill Gross's "short of a century" statement made two months ago. We should all be asking ourselves if it's reasonable to expect yields to keep rising over the long term as the ECB will...
This is not the first time the euro-dollar has been able to stage monster rallies, as faith in the US dollar continues to crumble. The dollar index has had a few of the worst days since 2009. Previously via Twitter, I supported the initial rally from 1.0880; but as it approached the current supply zone, I believed it would be a tough nut to crack for further...
The support area in the rectangle has some unique characteristics that makes it a good place to expect the recent Bund sell-off to halt: 1- Trendline 2- 50% Retracement 3- Change of Polarity zone Until that area, I don't see any reliable support on the chart and expect the Bund price to keep falling. Good luck, Ali Sharifazadeh, CFTe
Scalping opportunity and to test if the bund is ready to play ball and retrace in minor support region. Tight stop as our preference is to get long in major support region.
149.67 is 50% Fib from 2014 low to 2015 high 147.00 is 61.8 Fib from 2014 low to 2015 high Pullback on Bunds to short?
AB - CD could be in play Bear flag and wedge created Broke below the wedge Had a bearish engulfing day followed by another red candle today Rejection off the 50% Fib retracement from High of 160.68 to low of 151.44 50 DMA cross below 100 DMA = Death Cross? Support at 20 dma at 153.972 Support at January and May low (Double bottom there) at 151.44...
Risk Disclaimer -Technically it look right but fundamentally the ECB is backing the Bund. Will you fight it? Short at 156.02 (or start building from 1.55.90) Stop at 156.56 (risk is 54 pips) Target 1 at 154.07 (Gap with reward at 195 pips) Target 2 at 153.92 (Gap with reward at 210 pips)