Bund: New Leg Down

Virtually all .gov bond markets are bearish. Recent recoveries are nothing more than regular counter trend moves within clear down trends and we expect the recoveries to peter out quite soon. We are preparing a new short-setup for the Bund with the following parameters:

time frame: 420-minute+
short-entry trigger @ 159.70
SL @ 160.75
Target @ 155 (possibly to be adjusted lower at a later point)

DE10YBEUR