AaronLeggett
Long

Bund Long to June 1st High

FX:BUND   Euro-Bund
We have a nice setup here for a long position to the 155.75 level. With an ascending channel and supporting confluence from the 200SMA and the 0.236 Fib levels, this move up should pan out well. I expect some liquidity and resistance at the 153.80 point as it appears to be a strong S/R level . Further resistance will be met at the July high of 155.

As anything it could easily go the other way, such as a bearish breakout which I would expect it to hit the 0.682 level before any major support is met. If my analysis is correct I would expect the movement to take around a week or so.

My trade:
£1 per point
Stop Loss: 153.25 (-£55)
Take Profit: 155.70 (+£190)

Keeping my stop tight just incase of a bearish breakout.

Enjoy!
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out