Kumowizard

Short term consolidation or pull back is possible

Long
FX:BUND   Euro-Bund
2
As this is a continous chart, indicators are distorted a bit due to previous change between front contracts, where we had a gap down between U6 and Z6 (Sept and Dec) Bund futures contracts.

If you look only at Heikin-Ashi candle itself, then the message is: short term consolidation or pull back ahead. Bearish support is between 165-165,50 (as Kijun Sen will come lower soon). Should market spike up above 165, we can start to look for sell signals. For now cover some shorts, or if you have nerves, then open small swing long with tight stop at 162,95.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.