The main view of this trade idea is on the 15-Min Chart. German Bunds (FGBL1!) formed a double bottom or W chart pattern setup after testing 169.60 support and break above 170.3 resistance. Expectations are for the uptrend to continue, with the completion of the setup being around the 171.20 price level. Failure of the setup will be observed if...
The USD is seeing some recovery as stock market comes down where more expected weakness in the near term means that EURUSD correction can be deeper. From a technical perspective we still see bunds at the trendline support which is another reason for a pullback on EURUSD, as bund yields move down which is something that ECB wants.
Technically speaking, pullback is...
Do you trade the Dax?
The long didn't quite hit TP, but closed on reverse signal and followed with the sell (check the trade history below)
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
I try and share as many ideas as I...
As i mentioned earlier, the market did rally up and created a beautiful winning trade on this great market (FGBL1)...but i am sure, tomorrow early morning by 7:00 the bulls will keep the market till around 177.10 at least!
So, it is better to close the trade now as the market is reaching its closing time and go sleep.
I like to compare the currency euro with its bond market the bund. Why?
Simply looking at the macroeconomic front of countries as we had strong PMI's this friday come out from European countries, bunds is focused to Germany which you could of took scalp or swing trade towards the positive outcome. Whilst looking at the fundamental aspects i'd reflect...
Let’s have a look on ZN.
The ZN is showing an increasing trend. The pitchfork indicator was capable to limit the evolution of ZN.
Right now, if the ZN could break support S0 it will look for reaching the R1 resistance (and could break it too). Otherwise it will bounce on the S0 and decrease to reach S1.
Thank you for reading this...
Good morning traders,
Markets are slow because of holiday in the US, so we may not see any big changes in flows through the day. However, we should pay attention to BREXIT especially after latest Merkel comments, that they are preparing on every level for a no-deal Brexit. This cannot be positive for the euro or gbp, so be aware for a potential weakness on these...
For now we can keep our position on FGBL (Euro Bund 10Years) and buy more at 175.84 because there are good signals that it will Continue to go up in the next couple hours Until it reach to price zone ( 176.32 to 176.17 ) and then it will bounce back.
Theres a good Buy signal on 175.84 price zone that will have a great probability of winning (Time Frame 1H)
Hello Trader, Breaking of the bullish triangle, we must expect a strong upward movement to join the upper trendline of the bullish channel!
If you liked this idea, please like and subscribe to my profile.
This idea does not provide the financial advice.
German BUND made a clear, five-wave drop in March, which is a sign of a bearish trend, however as we know after every five waves a temporary pullback may show up. Here we are observing a w-x-y correction underway, with resistance/bearish turn at the 174.80/176.8 region, where Fib. ratios of 0.618 and 0.786, and also equality measurement of waves w and...