$bund is playing with 100 WMA and might drop below to 170.xx level and then 166.xx levels. Please always use SL or hedging before entering trade.
Short term price might move upwards but only after breaking the resistance can we be sure enough to go long.
Not trading it yet, but this shows pretty positive development after three times bouncing from .5 fibo(170.xx area yearly pivot point). The extension will lead us to 1.618 fibo(197.05 levels). Please do your own research and use SL or hedge your positions.
Short the Bund if the price reaches the top line of its downside channel (yellow) or if it breaks the pink support line !!
When we will reach the "Selling zone" get ready for some action !!!
See annotations on chart, expecting a level 2 drop here.
My last analysis of the bund hasn't come to reality (short strategy). The indicators weren't supporting this conclusion and therefor the strategy was weak. The bund is moving roughly sideways between trendlines at this moment. Together with the indicators (RSI en MACD) is not clear if the bund will break out upwards or downwards in the near future.
Chart is moving in a triangle. Most likely the Bund will continue its downtrend untill approx 170.
Looking for bullish price action around this consolidation block that led to major breakout for another retest of that major range that just broke down.
I am waiting to enter at 174.81 which is above 50 days moving average. Will update accordingly.
The BUND has break out its 4H downside channel. Expect the price to reach the middle of the rectangle.
after i missed the first wave as i can see they will another opportunity for long goo luck
Deutsche 10y treasury to go down even more ....
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!