FxWirePro: 10-year bund call review (targets added)

We have forecasted a sell call in the 10-year bund, well ahead and we hope that our readers have successfully executed the call, if not; you can take your chances at bounce back. You can read about the call here,

http://www.econotimes.com/FxWirePro-German-10-year-bund-might-face-rapid-decline-if-breaks-below-1625-333904 and here, http://www.econotimes.com/FxWirePro-10-year-bund-heads-for-a-sell-breakout-367667

However, we refrained from adding proper targets in those above articles, as the breakout was still due. As expected, the breakout has taken a place and as of now, it is looking quite promising. We also expect that there would be a large decline in the price of bund and hence yields would rise.

Trade idea:

The 10-year bund is currently trading at 161.5 and we are short at 162.4. The various targets are 159.2, 157.5, 153.6, and 151.8. Our final stop loss for the final target is at 168; however, you can use the following resistances as stop loss according to your target and suitability. The resistances are 166, and 164.6.