Kumowizard

Trade a better setup, trade value levels! (Topic to follow)

FX:BUND   Euro-Bund
52 0 8
Weekly:
- Ichimoku is turning to neutral. Bit of similar picture like back in April-May/2015: weak bearish Tenkan/Kijun cross, price below Kijun, Kumo shades price, but 100wma and forward Senkou B line (52 weeks average) is holding market well so far at 161,50+. Not a surprise. Kust because FED may hike once, ECB is not going to U-Turn any time soon. I believe they will start to talk about tapering QE and maybe will even do tapering next year, but even if it's gonna be so. we have few months until.
- Heikin-Ashi signals consolidation, a possible local             bottom at strong supp/res of 161,50: candle body shrinks, haDelta and DMO             crosses up and build positive divergence further. I can immagine a retest to 164-164,90 in coming weeks.
- In case market retests to Kijun (164,90), that would draw our attention to an interesting pattern: a possible major Head and Shoulders! A turn down from 164,90 could be the the first strategic bearish signal, beginning of a real storm in Bund             .
- EWO             is slightly bearish , MACD signals consolidation (not bearish until above zero)

Daily:
- Ichimoku setup is still bearish , with trend supports at 163,60 and 164,90 (this value is in line with weekly Kijun!)
- Heikin-Ashi pattern shows consolidation: mixed candles with haDelta stuck at zero.
- EWO             is bearish

What kind of position we have to take on this market is very obvious: we have to look for shorts. However we have to be very smart how we pick timing and entry levels. I have some doubt this market will really continue selloff straight down from here, so right now it is not the best risk/reward to enter short in big.
We have to be patient, and look for the BIG trade entry.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out