Here you can see where the money in the euro area flows. It is clear that a lot of money is flowing out of the euro area but within the euro area the safe havens are being sought. At the moment these are still the German government bonds and you can see that very nicely since March and yesterday's panic high of the Eurobund Futures. After a short consolidation, I...
Some techniques i like to employed into my trading is:
- Creating a range using Last week Price Action
- Creating a range using Monday Price Action
Key levels Identified:
1) Last Week High
2) Weekly Open
3) H4 Resistance turns support
4) Monday High
My lovely german bund. Last update was wrong. That's happend an now i see more long cause the indices are weak.
Look at the chart and comment if your interested. Thank's for your time and good luck guys.
The Bund is on the way to 161,00 may be a little more. Than we must look what happen.
When the Indicies fall more, than it is clear for me. But only for me!
Please trade your own plan and much luck to all.
Bund is back on major support at 159.26 (Fibonacci retracement, horizontal overlap support) and a potential bounce could occur at this level to push price up to at least 160.65 resistance (Fibonacci retracement, horizontal pullback resistance).
RSI (34) is also making a nice pullback to previous resistance-turned-support line.
Trading CFDs on margin carries high...
Bund has made a bullish exit and sees major support at 159.26 (Fibonacci retracement, horizontal overlap support). A strong rise could occur from here pushing price up to 160.65 resistance (Fibonacci retracement, horizontal pullback resistance).
RSI (34) has made a bullish exit signaling that there’s a change in momentum from bearish to bullish.
Trading CFDs on...
Bund is seeing major support above 160.40 (100% Fibonacci extension, 78.6% Fibonacci retracement) and a potential bounce could occur at this level to drive price up to at least 161.88 (38.2% Fibonacci retracement, horizontal pullback resistance, 61.8% Fibonacci extension).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so...
Idea: Bund continuation long based on bullish RSI swing failure on the hourly chart. A strong break long at the recent daily high of 164.164 could see a move up to the next daily top of 165.55.
Cons: The stop has to survive the Monday open. Strong resistance at 164.164 will form a double top.
DISCLAIMER:
This is where I practice ideas and work on my trading...
Long at break of Daily inide Pinbar combo.
SL: Below Inside Pinbar
TP: Next major resistance
Note: Wait for breakout after London open. Otherwise there is a higher probability of a fakeout.
