Update Euro Bund Future

The Bund Future has indeed formed a PG on the monthly chart some time ago. This has also tested the upper side of the PG once. Subsequently, however, we have collapsed again. It depends on what happens now, because the direction of the breakout is completely uncertain.

A trendline on the lower time units is currently still serving as a holding mark. From this trendline, we could now expect a second attempt on the upside.

The chance of a false breakout

Of course, a false breakout would also be possible and this could lead to a breakout on the downside. Here applies once again the saying after wrong comes quickly.

If the month should close in the PG, then this is anyway for the time being on hold. However, if we break the last lows with volatility, then I am ready to dare a first speculative short. As soon as we then see a confirmed breakout, the position will be expanded.

In the land of government bonds, there will probably soon be stronger movements and not only on the European continent.

Source: (Guidants/Godmode Trader) & JFD Broker & Binance

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