Euro Bund's Supportive Balance

The mentioned balance area on the plain chart seems to support Bund currently. The market opened inside of Friday's value and broke out to the north to test the previous VWAP close level and possibly a previous VAH level.

I'm on the sidelines for now.

Euro Bund Market Observations

Repost from Insights blog >>

The Euro Bund is one-time-framing lower since several days. Potential supportive balance area could stop this bearish behavior in my opinion. I will be cautious for the next week.

Looking at the weekly profile we can identify a double distribution profile. VPOC of the two distributions are areas of interest for sure. All depends on the open again. Open below range and I would expect a test of the lower distribution to sell off in the end. Open in range and I would expect the market to rotate between the VPOC.

Moving forward to the daily volume profiles, we can see Friday’s profile as a simple

Read more here >>

Euro Bund Trading Recap

Absolutely, Euro Bund made the most sense for me today. There was such an honorable confluence in this market that I was able to fall in love with it. Obviously, I was in such a degree touched that I have sent my fist to the air and shout: yes. The best is: I can keep it simple here. Looking at the weekly profile, we can identify a previous acceptance area and additionally a VVAH (Volume Value Area High) close level that is confluent with a VVAH level from the daily profile chart. That's it.

Here the weekly profiles:

Here the daily profiles:

At the open I thought about a possible long trade from yesterday's VVAH level but the market took out the poor high and moved to the north. Anyway, stay tunned for a pre-analysis on the Bunds this weekend. Actually, looking at the charts, it should trigger a possible Déjà-vu in your mind right now.