Long this chart means SHORT Schatz!

TVC:DE02Y   Germany 2 Year Government Bonds Yield
In addition to the previous post on US/German 2 year yield spread, here I show you how it could really work from the german Schatz sell side!

This chart shows the German 2 year Schatz yield.

- Long term trend is bearish , but the trendline is coming lower. Right now the break point is around minus 70 bps . (-0,70 %)
- Ichimoku has BULLISH bias ahead: Senkou A is above Senkou B (positive forward Kumo). Tenkan is above Kijun, and both are slightly above spot could now.
- Heikin-Ashi shows indecision at the -0,80 - 0,85 key support zone! Doji candle, haDelta+ and haOscillator are reversing up from their lows.
- MACD crossed below the signal line, but it is still positive above zero.
- EWO is positive too

It is not a bad risk reward to short Schatz at -80 bps in some medium size.

Here you can also observe a possibly building inverse Head and Shoulders pattern. If its neckline breaks, that would be in line with a trendline break too. Then my friends do not hesitate, just sell all size on $FGBS you can allow to sell.


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