10yearnote
10Y T NOTE FUTURES (ZN1!) SwingProbability: 65%
Good opportinuity with high risk
The market will keep going up, we can use our VWAP as a Resistance, if the market cut the Vwap then keep until our Target. if the market make the pull back then Close the deal and take your profit.
Take profit:139'17'5
Stop loss: 139'12'5
Bullish analysis on ZN T-noteLast day we had a great green volume comparing to previous ones.
the ascending triangle I signaled months before is still not broken out, this is a great example that shows how strong, heavy, and slow is this market (ZN).
let's focus on volumes and trade when the triangle is broken.
ZN T-note 10 year is consolidating in a triangle patternthere are some chances that the ZN will go up after a consolidation in an ascending triangle form.
we need some buying volumes and the ZN will break the triangle. BUT if you look at the ZB, it has broken down as I have mentioned in a previous analysis.
so personally I will wait some times before entering the ZN, I will just intratrade it .