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Bears Taking Over 10 Year US Notes and GBPUSD

Written Gregor Horvat | 2017-11-14 10:24:39 GMT

Todays focus is on the 10 Year US Notes and gbpusd.

10 Year Us notes are trading sharply lower, unfolding a nice impulsive structure, which we see it as sub-wave (1) and now upcoming wave (2). We know that wave (2) is a correction, which means a three-wave rally may unfold within it.

10 Year US Notes, 1H

GBPUSD

GBPUSD can be trading at the end of a corrective wave ii, which can see limited upside near the Fibonacci ratio of 61.8. From there price can sharply unfold lower into wave three.

Have a nice evening.

GBPUSD, 1H

GBPUSD

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.

 


 

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Gregor Horvat
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