$bund is playing with 100 WMA and might drop below to 170.xx level and then 166.xx levels. Please always use SL or hedging before entering trade.
THIS IS MY BULLISH TREND CONTINUE IDEA. HOWEVER, WAIT FOR COME KEY LEVEL AFTER HOW TO RESPECT TO KEY LEVEL AFTER TREND CONTINUE TO Uptrend YOU CAN ENTRY ,SO THIS IS MY OPINION ONLY .
HELLO TRADER'S THIS IS MY BEARISH TREND ANALYSE WAIT FOR PRICE TREND RESPECT IN PREVIEWS SUPPORT AND RESISTANCE ZONE AFTER TREND CONTINUE TO DOWNTREND MOMENT IM FOCUS .
Short term price might move upwards but only after breaking the resistance can we be sure enough to go long.
Not trading it yet, but this shows pretty positive development after three times bouncing from .5 fibo(170.xx area yearly pivot point). The extension will lead us to 1.618 fibo(197.05 levels). Please do your own research and use SL or hedge your positions.
Looking for a rise after 3 Levels down.
Short the Bund if the price reaches the top line of its downside channel (yellow) or if it breaks the pink support line !!
When we will reach the "Selling zone" get ready for some action !!!
See annotations on chart, expecting a level 2 drop here.
My last analysis of the bund hasn't come to reality (short strategy). The indicators weren't supporting this conclusion and therefor the strategy was weak. The bund is moving roughly sideways between trendlines at this moment. Together with the indicators (RSI en MACD) is not clear if the bund will break out upwards or downwards in the near future.
Chart is moving in a triangle. Most likely the Bund will continue its downtrend untill approx 170.
Looking for bullish price action around this consolidation block that led to major breakout for another retest of that major range that just broke down.
I am waiting to enter at 174.81 which is above 50 days moving average. Will update accordingly.