2nd May 2017 – Bund Daily Trade Plan

News

0855/0900 GE/EZ PMI 0930 UK PMI 1000 EZ UNEMPLOY

Previous Day – Inside day with weak down close

Big Picture

60m – Neutral, HL at 61.26, for t/c to Up, hold 61.26 and bac 62.15

10m – Up, hold 61.48-61.26 and bac of 61.85 (HL at 61.60 ???)

Context Play

1.Up

Longs hold 61.60 t 61.73 t 61.85 bac t62.03 t 62.15 bac 62.30-38.(Watch for bof at 62.15)

2. Balance

Shorts: Hold 61.85 bac 61.73 bac 61.64 t 48 bac 48 t 36-26

Longs: Hold 48 or 36-26 t 61.73

3. Down

Shorts: bac 61.26 t 61.02 (watch for bof) bac t 84-77


Leave a Reply

Your email address will not be published. Required fields are marked *