TLT: Short term rally, potential pullback in a downtrend
TLT offers a low risk buy if we make a new high tomorrow, with a stop under the recent swing low.
We can aim for a retest of weekly resistance, as signaled on chart. I'd rather buy and exit there to be safe. There's a chance we might be able to flip short at that level, but I'd rather take that trade by buying $USDJPY and $USDSEK for instance, and/or shorting $EURUSD.
Good luck,
Ivan Labrie.
We can aim for a retest of weekly resistance, as signaled on chart. I'd rather buy and exit there to be safe. There's a chance we might be able to flip short at that level, but I'd rather take that trade by buying $USDJPY and $USDSEK for instance, and/or shorting $EURUSD.
Good luck,
Ivan Labrie.
Order cancelled:
Acting a bit weak, but we might see a rally after the weekend.
Comment:
Acting better now, but I'm flat treasuries.
