Published On: Mon, Feb 27th, 2017

Potential value in an overbought Euro-Bund — #SaxoStrats

InstaForex

Background

Euro-Bund from an hourly point of view is overbought and stochastics, RSI and MACD are giving us a selling signal.

We have a bearish stochastic divergence.

Sell Euro-Bund Mar17 at market. Stop loss at 166.41

Source: Saxo Bank

Management and risk description

Parameters

Entry: Sell Euro-Bund Mar17 at market

Stop: Buy stop (GTC) at 166.41

Target:Buy (GTC) 165.47 (50-hours moving average)

Time horizon: Few days

Stop Loss avec Take Profit will be adjusted according to price action of the market.

— Edited by Jack Davies

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