flat gb10y-us10y (ys), aim to fade the furlough rally? Plus weak ftse, rona cases rising (not so much deaths), but stronger measures on the cards regardless. Hence looking to fade furlough rally?
If i wanted liq to fill a big short would like to push above 3117/3138 for max fuckery, tick above SFP style and then close below. Hence looking for shorts @ 3117/3138. However, i wouldn't trade these levels naked on merit. I'd want to wait for h1/d1 confirmation unless clear SFP develops at either level.
Targets to the downside would be 3053, 3007 then aiming for third trend touch. Also worth nothing 50 fib from m1 trend @ .3079 so could easily see a sell off of sorts from that area
only a prelim idea for now but possible for a stonker of a trade up there
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bojo talking now, new 3 tier restriction system
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some nice long scalps here
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booked some at 3059
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would have liked to have seen this push to 1171 to fill shorts but no harm no foul. Now eyeing last weeks open and trendline, would be looking to fade this move as brxt headlines always seem to be a good fade
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3079 50 fib was pretty accurate and would've been a good short but didn't leave orders resting as didn't have major faith in the level
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100/200 h1 MAs seemingly stalling it for now, want to see under and to trend line for close to invalidation fill
@Julius_Joseph, i dont disagree, there's deffo legs left in the move but I'm happy to entertain the idea of being short up by stated levels. I'm saying, if it's going to turn that's where i think it'll happen, rather than it WILL turn there. Esp. if there we can form a SFP by either of the levels, aided by poor news (Rona, brxt legal etc)