ZN1! trade ideas
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.
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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)
Strong bullish breakout ZN to keep in portfolio ZN is showing strong momentum to keep absolutely in portfolio
zn trade of the day for those who wanna trade it today 30min chazn trade of the day for those who wanna trade it today 30min charts
trade on bond is very hard bond move very hard ,very complex instrument,FED manipulate it
after 14 year in market advice trade gold GC1! (if you love trendy + market)
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BUY ZN ZN is in a UP trend now , time to profit , the buyers decide to take the place in the market , is a short target
Elliott Wave View: Ten Year Notes Declines in 5 WavesShort term Elliott wave view in Ten Year Notes (ZN) suggests the decline from August 5, 2020 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from August 5, 2020 high, wave 1 ended at 136 and bounce in wave 2 ended at 137’2. The Notes then extended lower and ended wave ((3)) at 130’2. Bounce in wave ((4)) is proposed complete at 137’245.
Wave ((5)) lower is currently in progress but it still needs to break below the previous low at 130’2 to rule out a double correction. Structure of the decline from wave ((4)) looks impulsive in 5 waves with a divergence at the end of wave 5 of (1), favoring further downside. Down from wave ((4)), wave 1 ended at 132 and rally in wave 2 ended at 132’23. The Notes then extends lower in wave 3 towards 132’25 and wave 4 bounce ended at 132’06. Final leg lower wave 5 ended at 131’18 and this also completed wave (1) of ((5)).
Wave (2) rally is in progress to correct cycle from April 22 peak (132’245) before the decline resumes. As far as pivot at 132’24 high stays intact, expect rally to find sellers in the sequence of 3, 7, or 11 swing for further downside.
