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
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