not what I usually do but I think it's time for a retracement and the r/r is good. sell the highs, take back to previous resistance which should now be support
Bearish cypher completed @144.9 after the ABCD completion @144.5. DoubleTwinser top short to 38.2 ret. Ascending wedge pushing the PA towards 145 for a double top.
Despite the fact that price advanced to a major sell area, it could advance higher. The 142.00 level was a 50% retrace of the previous upswing which started 2014.
Trend following systems work best and work only when there is a trend, or at least there is a chance that a trend can start. But also, trend following indicators can tell you when the instrument is not trending, just consolidating and trading in a range.
This is the case with the Bund.
Price is in the thick Kumo on the daily chart, while DMI is nothing else but a...
Bund tried to break higher, but it was enough only for a Kijun retest. Price turned down again from 144 level, and by now is back into the Kumo. 142-144 range is expected to stay for some time, but the bias is bearish.
Slow Stoch sell signal, MACD turnind down again, DMI is zig-zag with low ADX, Future Kumo bearish cross.
Sell in 143-143,50 range in more clips...
I am neutral at the moment, too early to call this a H&S top, the contract change gap has been more or less been neutralized, let`s also see what DAX & EuroStoxx50 do in the coming weeks.
We will see if the Ukraine issue creates the demand to push even higher above this 145.73 - 147.00 range, which has acted as sellers region previously.
Finally Bund confirmed bullish breakout, to continue it's recent uptrend. Daily MACD crossed up again.4 Hrs ADX picking up.
The question is what kind of expectations are behind this move? Does it mean a possible risk off coming for equities? Or maybe investors just think ECB will be more dovish next week? Or maybe stg else? Anyway, as technical traders we should...
After decent rally, Bund has been consolidating for about 3 weeks now in tight range. Indicators on 4 Hrs show it is totally trendless now. We will likely see a decisive break to one direction in next coming days, so it worths to put Bund on the radar now. Pls note that the break of the triangle on any side still doesn't mean the trend will start. It has to...
After few days of consolidation BUND is getting ready for a clear Ichimoku buy signal on the 4H time frame.
Px broke above the cloud, Future Cloud is close to bullish cross (pointing up), Chikou back above px candles too.
How to setup the trade? Either look for buy at a Kijun and Kumo pull back, or stop buy entry at previous Chikou high.
Place Limit Buy at...
