Bund: New Leg DownVirtually all .gov bond markets are bearish. Recent recoveries are nothing more than regular counter trend moves within clear down trends and we expect the recoveries to peter out quite soon. We are preparing a new short-setup for the Bund with the following parameters:
time frame: 420-minute+
short-entry trigger @ 159.70
SL @ 160.75
Target @ 155 (possibly to be adjusted lower at a later point)
OANDA:DE10YBEUR
Overview
Ideas
DE10YBEUR trade ideas
Bund back on support, potential for a bounce!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 risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
BUND more longIdea:
*Looking for increasing strength from 159.78
* 159.55 to show support, possible retest of the level
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
Bund has made a bullish exit, potential for further rise!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 margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Bund right above major support, prepare for a potential bounce!
Bund is hovering really nicely above major support at 160.40 (Fibonacci extension, Fibonacci retracement, horizontal swing low support) and a bounce could occur at this level. If price breaks through our descending resistance line, this would add much more conviction to the potential bounce up to 161.88 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) also sees a descending resistance line holding price down really well. Only a break above this could trigger a corresponding bullish bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Bund on major support, potential upcoming bounce!
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 please ensure you fully understand the risks.
Bund ShortIdea: Possible resistance and return to the down trend.
DISCLAIMER:
This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
Update idea
DE10BEUR daily trading strategy short...DE10BEUR daily trading strategy short. The exchange rate is currently correcting. The peak of the expected correction wave is 163.34. This level requires a short entry. The expected decreasing wave is three quarters of the previous larger wave. We are counting three quarter waves, because the remaining one quarter is already at the slip. If the drawn wave structure is real, then the exchange rate may decrease to 160.89.
The price of DE10YEUR begins to be corrected...The price of DE10YEUR begins to be corrected. In our opinion, the exchange rate has reached the correction level. We expect a downward exchange rate here. If the idea is correct, there is a four-wave, correctional quadrature wave decline that can last up to 157.33.
BUND CFD correction starts...BUND CFD correction starts. Based on our strategy, the DE10YEUR exchange rate has slowed down. Our assumption is that the exchange rate correction will start at a level close to the correction level of 164.75. We expect the correction to be half a wave distance. If this idea is correct, then the exchange rate will rise again after the correction level of 162.13. This rise can be maintained until the level of 166.02.
Bund continuationIdea: 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 techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.