Similar to US10Y where we have seen 4 consecutive up close candles, with T-Bonds, we have witnessed 4 days worth of bearish price delivery with he volume imbalance on a higher timeframe (1W) consequent encroachment being met as support for the time being.
Not shying away from a manipulative run, targeting 122.25 but would not be phased if we do not even make it to 122.08.
Bias is bearish until 120.25 - 120.08 is booked.
Back to the revaluation stages once I see a daily candle close above Monday's high.
Not shying away from a manipulative run, targeting 122.25 but would not be phased if we do not even make it to 122.08.
Bias is bearish until 120.25 - 120.08 is booked.
Back to the revaluation stages once I see a daily candle close above Monday's high.
Note
Price action is slowly starting to round off inside of the HTF volume imbalance.
Maybe it will be a good opportunity to run on short term highs up into SIBIS??
Note
New weekly lows booked yesterday.
Great correlation between the 10y yields
120.15 point of interest
120.08 stretch for the week
Trade closed: target reached
120.15 has been booked, followed up with 120.08.
The lows for the day is printed @ 119.28
Note
Weekly Close
UK, London
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UK, London
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.