Volume declining but still a bulllish formation BB showing a clear knock on the 4HR and inching towards the higher range. If it its the outer of the 2nd bands, expect a quick rise in treasuries like Friday and Monday Follow me for more on treasuries!
I could be wrrong but I dont beleive with the economic uncertainty the markets are facing, we are still in a bullish trend. Fibs levels are matching up nicely to confirm this aswell. Again this is all hypothetical but I am long some CAD 2037, CAD 2041 and CAD 2048 bonds. Some are hedge vs other positions but mostly long bias. Let me know what you think on my...
I could be wrong but if you take Iran out of the equation we had a beautiful double tap forming on the W chart. The signals still stand when you look at it on the D. I think we hit the trend and look for price action. Anyways just an interesting chart I figure I would share!
I could be wrong but I see the trend being rejected after an inverted flag being created. I am taking a shot and going short. I waited for the rejection of the trend.
Looking at the Daily and 4H resistances I figure the trend will continue 50pips stop loss 205pips target