Although it is a bullish falling wedge, the confluence of two strong resistances here should be a good risk/reward short.
DXY still up and TNX yield not hammered down enough today to warrant this amount of exhuberance.
Bear in mind, something absolutely crazy like a run up to 4020 can happen, so be quick to eat the loss if you short this setup right now.
DXY still up and TNX yield not hammered down enough today to warrant this amount of exhuberance.
Bear in mind, something absolutely crazy like a run up to 4020 can happen, so be quick to eat the loss if you short this setup right now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.