I closed all long Bund/short BTP spreads earlier last week as weekly chart was reaching key resistance at +200 bps. Weekly haDelta signals possible start of consolidation.
Given the daily Heikin-Ashi setup and MACD, it is possible that we'll see more pull back towards 170 bps+ support. At/below 180 bps spread we have to start looking for buy signal again, and get ready to reload the position optimally closer to 170 bps, IF technicals confirm
For new followers: please see all previous posts and explanation about this wonderful trade via link below.