Shorter term bearish on the TNX with a longer term bullish view
We like the short side of the 10 year treasury note for a bearish move to the 1.59 level as a target. Price action could continue higher to 1.73 from current levels, but the 1.59 should be achieved before a longer term bullish move is sustained. So on the longer term scale, we are bullish for price action to make a move for the 2.11 level, which could be reached by year end 2016.
Trade active
Price action moved higher to 1.73 as anticipated. We expect a move lower to develop now to the 1.59 level. We remain short term bearish.Trade closed: target reached
As forecasted, the 1.59 level has been reached to the downside. thecharttraders.com
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.
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.