19th October – Bund market Review

A look at the Bund market today, break down out of range of 55 with good range and volume, so was looking to join on first pullback as per my hypo 2, a breakout of range.

Stopped out on that trade, and price retested origin of move which made the breakout suspect. Was interested in seeing the reaction at 55, a fresh buy zone and the old range low, a small reaction or failure to hold would have indicated to me that more downside could be on the cards. But buyers stepped in with good volume but unable to make a HH and into choppy pullback to range low.

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