US10Y Bullish as long as the 1day MA50 holds.
The 10year Bond Yields / US10Y is trading inside a Channel Up since May 1st.
The last two weeks the price is pulling back after a Higher High rejection and Double Top on Resistance A (4.888), aiming at the bottom of the Channel Up.
That is a buy opportunity to target 4.888 again.
If on the other hand the 1day MA50 breaks (is untouched since July 20th), sell and target 4.222 (Support A).
Keep an eye on the Rising Support of the 1day RSI also for early bearish signals.
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The last two weeks the price is pulling back after a Higher High rejection and Double Top on Resistance A (4.888), aiming at the bottom of the Channel Up.
That is a buy opportunity to target 4.888 again.
If on the other hand the 1day MA50 breaks (is untouched since July 20th), sell and target 4.222 (Support A).
Keep an eye on the Rising Support of the 1day RSI also for early bearish signals.
Follow us, like the idea and leave a comment below!!
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