BUND Trade Ideas...

[JustSpreadBetting]

My focus is on the break of 139.46/49 which is the former breakdown zone and trendline resistance at 139.49, I think a clear break above this zone will open a push towards the 140.00 level now that the 138.25 resistance was cleared this morning.

I will be watching the 139.25 and 139.07 zone though to see if it holds as support if its tested, I may look to buy down there, so I have 2 chances to try longs on the BUND.

Will go long on a break of 139.50

OR

Will go long in the 139.07/25 zone if it looks to be holding as support.

I have attached a 1hr chart for support/resistance reference.

 

[JustSpreadBetting]

Bought BUND at 139.51, stop is 10pts, looking for at least 10 in return, but hopefully will get 140.00 for 50pts

 

[JustSpreadBetting]

Not exactly fireworks since I went long.

Moving stop to cost.

 

[JustSpreadBetting]

BUNDS are on a mission to 140.00 IMO.

 

[JustSpreadBetting]

Took 1/2 profit at 139.72, moved my stop to 139.55

 

[JustSpreadBetting]

Nice work.

Thanks