ZN1! trade ideas
Similar bull flag visible on 10 year. Same but different.Here is almost the exact same trade from a signals and trigger standpoint.
It's basically the same formation, but in a different market.
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What is different about this one than from gold? Quite a lot actually. It's better to go through that kind of stuff on one's own, but what I would really want people to notice is this bond trade looks like it broke out of an area of consolidation, and is now using the flag to dip into a retest of a broken resistance area. Do not blow any fuses adding confluences to your trading, but if you can find places where it looks like all the bull tribes are uniting then you can find high probability areas where price will move higher from in the future.
EW Analysis: Bearish Looking Treasuries May Push USDJPY HigherHello traders!
Today we will talk about treasuries (10Y US Notes) and its negative correlation with USDJPY.
As you can see, 10Y US Notes turned sharply down after a corrective movement in wave 4), which means that it can be now on the way back to lows for wave 5), especially if breaks below channel support line.
At the same time USDJPY may continue higher as we know they are in tight negative correlation, so be aware of more upside on USDJPY with room even up to March 2020 highs and 112 area.
Trade smart!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
10Y T-NOTES FUTURESThe downtrend continue
Squeeze some dollars by shorting the contract
next stop indicated in the chart
the movement of ZN1 today is horizontal the movment today is horizontal but the resistance is near the chart .
that means it's just need a time to go up strong.
wiat more
dont fear put buystop on highsl=131'135 tp=daily Sma200
break high will start new + trend ,if you have sell ,100% put sl on high (132'000)
