In today’s market analysis, I had expected the advantage in the Bund future to be more on the long side for today. Even if the movement fell short of my expectations, I was able to make a tidy profit in the long position.
The entry took place in the 15-min. chart, after the Bund broke upwards out of the opening range and formed a new daily high. I bought the setback to the opening range between 8 and 9 am.

In the upward movement that followed, the subsequent daily high was marked at 166.67. The following setback of almost 40 ticks spared my stop, and in the last long movement of the day I then closed the position when the Bund got stuck at the resistance area at 166.57.
The meaning and use of the reddish and greenish zones in the chart will be explained in the upcoming webinar on Friday at 17:30 hours.

Disclaimer:

Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer’s investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk.