BundLong
2 Ways to ride this trend
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
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.