If anyone trades bonds, US 10Y T-Note is one to watch for a possible short. Loooong term channel, bounced off resistance a few weeks ago on the monthly:
The uptrend overall remains in tact after a larger scale pullback on this pair. The holiday period will see some sluggish movement but will be picking up again soon. On the four hour timescale we see a break of resistance and price currently retracing to it, so I’m observing for a potential buy in right now if the candlesticks present favourable circumstances.
So previously in my analysis we identified the complex head and shoulders pattern presented and now at the current price level we see its complete conclusion. Price is now retesting this long-term support level and in all honesty I cannot see it breaking over this next week buying opportunities may present themselves so keep your eyes peeled And observe price action as it unfolds.
It looks as though the bull run is over for this pair with lower highest presenting long term. Selling opportunities are on the horizon so I will be looking for opportunities after the established lower low. For now we may see a larger scale sideways flag over the next week and uncertainty surrounding British and American fundamentals.
Nice analysis Got in at 1.319 looking for short term sell then gonna follow the uptrend. Brexit quiet and US taking beating over Iran situation and US/China trade war.