ZB1! trade ideas
US Treasury Bond Futures In Consolidation - 6/7/2016Whether it will break upside or down is anybody's guess but playing the range has been a very profitable exercise so far. As the global trend on bond yield suggests, a break on upside is more likely then down but we have to be vigilant if Fed surprises with hike. In that case also, it will be another buying opportunity than selling we believe. US has long way to go for negative yield but you never know !
T-BONDS FUTURES short entryThe price is at prior resistance area.
Some sort of a double top is being formed which is consiedered to be a reversal pattern.
I'm not sure whether I'll close the trade at initial target or earlier. However, the probability of a profitable trade here is pretty good.
Both entry price and stop-loss price are on the chart.
GLHF ;)
30-yr UST: The Long Bond is gonna get heavyEarly signs of topping on ZB futures. Distribution candles on the top, and failing yet again at familiar spot. Setup is not yet confirmed by RSI or MACD, though, and the long bond bounced a bit off the MA(9).
I'm inclined to open half of my position here. A daily close below MA(9) would lead me to open the second half of the short on ZB, targetting MA(200), around 156'00 at current times.
A breakdown below MA(200) is in the cards if Crude Oil (related idea) goes above 35$. Otherwise, good to hop on some ZBs for risk-off trading!