Genesiv

Potential Bearish Continuation

Singkat
EUREX:FGBM1!   Euro-Bobl Futures-Fixed Income Fut Futures
On the H4, with price moving in a descending trendline on the RSI and price recently breaking the ascending trend channel, we have a bearish bias that price will drop from the entry at 124.96 at the pullback resistance in line with the 23.6% fibonacci retracement to the take profit at 122.39 at the pullback support in line with the 61.8% fibonacci retracement. Alternatively, price may reverse off the entry and rise to the stop loss at 126.57 at the overlap resistance in line with the 78.6% fibonacci retracement.

Penafian

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