Kumowizard

BUND - Big picture still bullish, with chance for correction

Short
FX:BUND   Euro-Bund
0
Daily: Absolutely long term bullish picture, but Slow Stoch and MACD warns for a possible correction down to Kijun Sen, which is in line with horizontal support marked by Chikou Span peaks.

4 Hrs: No real sell signal yet, watch Kijun Sen here at 147,95. This level is in line with Daily Tenkan Sen.

1 Hr: Top consolidatio with Price enterring Kumo, flat Tenkan and Kijun lines, Chikou hit into price candles. DMI lost direction. Key level is the Kumo bottom, 147,95-148, which is in line with higher time frame (4 Hrs) Kijun Sen.

Stocks rally today again, European equities gaining bullish momentum on lower time frames. This should support selling in Bunds. UST may see some selling pressure today, but depends on US data flow.

If you are looking for a counter trend trade, wait for a sell signal at 148,00. Be wise, do not enter with more than 1 trade unit, place a tight stop ard local top 148,40.

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