What a collapse! Of course I closed my previous short too early, but never mind, on such a volatile mkt like Bund is recently, it is hard to call bottoms and these kind of profits in 2-3 days are still quite good.
Watch out now! Bund reached important resistance on weekly. We will likle ysee some pull back up to bearish supports. I opened some counter trend long
Weekly:
- Extreme selloff pushed Ichimoku setup to neutral from bullish. We have a weak bearish Tenkan/Kijun cross. Neutral setup will remain for a while, as Price will likely stay and do more choppy trading in the thick kumo ahead.
- Price is also below 100 WMA! Heikin Ashi signal is bearish, but haDelta once more reached and extreme low. I doubt we can see such a long body bearish candle soon again. More likely we'll see some pull back, similar to the one that happened three weeks ago.
Daily:
- Some says "Never catch a falling knife". I agree, unless you see some signals that the knife might not fall further. Even then be cautious, trade only 1/3 or max 1/2 trade unit size, because you trade against the major trend, and also due to extremely increased volatility.
- Ichimoku setup is heavy bearish, with trend supports at 152 (Kijun) / 153 (Trendline) / 154 (Kumo). Price has built a steep bearish trend channel, and seem it has reached a possible interim bottom within this channel.
- Heikin Ashi signals decreasing bearish momentum. Inside body candle with no lower low, and as I write this post now with even a higher wick! haDelta/SMA3 slowly ticking higher with positive divergence.
Retracement to 152 +/- is possible. There probably we'll have to look for new sell signals again.
I opened 0,5 trade unit long at 149,35 today. Maybe I will add 0,5 more if I see confirming Heikin Ashi candle signal.
Once again, be wise with position sizing and with stop when you trade this beast, espec. if you trade long!
Watch out now! Bund reached important resistance on weekly. We will likle ysee some pull back up to bearish supports. I opened some counter trend long
Weekly:
- Extreme selloff pushed Ichimoku setup to neutral from bullish. We have a weak bearish Tenkan/Kijun cross. Neutral setup will remain for a while, as Price will likely stay and do more choppy trading in the thick kumo ahead.
- Price is also below 100 WMA! Heikin Ashi signal is bearish, but haDelta once more reached and extreme low. I doubt we can see such a long body bearish candle soon again. More likely we'll see some pull back, similar to the one that happened three weeks ago.
Daily:
- Some says "Never catch a falling knife". I agree, unless you see some signals that the knife might not fall further. Even then be cautious, trade only 1/3 or max 1/2 trade unit size, because you trade against the major trend, and also due to extremely increased volatility.
- Ichimoku setup is heavy bearish, with trend supports at 152 (Kijun) / 153 (Trendline) / 154 (Kumo). Price has built a steep bearish trend channel, and seem it has reached a possible interim bottom within this channel.
- Heikin Ashi signals decreasing bearish momentum. Inside body candle with no lower low, and as I write this post now with even a higher wick! haDelta/SMA3 slowly ticking higher with positive divergence.
Retracement to 152 +/- is possible. There probably we'll have to look for new sell signals again.
I opened 0,5 trade unit long at 149,35 today. Maybe I will add 0,5 more if I see confirming Heikin Ashi candle signal.
Once again, be wise with position sizing and with stop when you trade this beast, espec. if you trade long!
