PLEASE COMMENT WHAT YOU THINK.
ITALY IS IN BIG TROUBLE AND I AM ASTONISHED THAT THE YIELDS ON ITALIAN PAPER ARE MERELY 2.356 FROM WAY ABOVE 6% IN 2012/13.
THOS COULD BE ONE OF THOSE BIG TRADES WHERE ONE CAN START SMALL AND ADD ON THE WAY. A 150 PIP STOP IS REQUIRED I SEE.
BTP ( Italian Government Bonds) 10 year maturity looking to crater off the precipice going by chart.This is the yield so the cash I tagged is where I set a pending order to sell the mid FED lows.
I don't have to remind you of the huge trouble Italy is in and am amazed that the yield on 10YR paper is only 2.356 when in 2012/13 it was around 6%.
Let me know what you think.
It will require a 150 pip stop I see. This could be one of those big trades where adding on the way and a fast with good RR.
The cash ticker is IT10