Short Bund
SL 162.6
TP1 161.9 (1:~2)
TP2 161.6 (1:~2.5/3)
Optional TP3 ~161.2 (1:~3.5/4)
4/12/18 price action has extended well past its upper true range value and touched overhead resistance + upper weekly true range. Short from here and aim for minimum 1:2 RR. Move SL down to initial position when TP1 hit, then aim for just before next support @ 161.515. If you want to hold some position thinking it will reach its trendline, go ahead.
TP1 161.9 (1:~2)
TP2 161.6 (1:~2.5/3)
Optional TP3 ~161.2 (1:~3.5/4)
4/12/18 price action has extended well past its upper true range value and touched overhead resistance + upper weekly true range. Short from here and aim for minimum 1:2 RR. Move SL down to initial position when TP1 hit, then aim for just before next support @ 161.515. If you want to hold some position thinking it will reach its trendline, go ahead.
Note
SL was hit in a spike, there might still be potential for downside. For now, I'm out
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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.