FX20
Long

2 Ways to ride this trend

OANDA:DE10YBEUR   Bund
Forecast: I am expecting Bund to continue its uptrend going forward next 2 weeks. Currently, this week weekly candle close as an inside bar , suggesting consolidation period. Bund will either expand this coming week or next week.


First: Expansion next week, How to get in?

Trade entry: Long the Daily demand zone , with stop below
Confirmation: Reclaim last week low and eventually reclaim both H4 Support and Last week mid range
Invalidation: Daily candle close below Demand zone

Second: Expansion this week, first wait for monday range to develop, trade will be active afer confirmation is seen

Trade entry: Long at either last week high or weekly open after low of the week is in
Confirmation: Break of previous swing high OR Monday being a down candle and Price reclaim Weekly Open


Key levels mentioned:
- Monthly Open
- Last week high / low / mid - range
- Daily Demand zone
- H4 Support level

Comments

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