A couple weeks back, i was expecting a run below the monthly Sellside liquidity pool which occurred. Well, call it a gap as market gapped below to create a low @ 3.667% before retracing 50% into the previous weeks midpoint.
It's looking like a scalpers market going into next week so those trading yields need to be nimble.
My bias is bullish but narrative incorporates bearish observation.
4.197% might seem optimistic but in the grand scheme of the macro dealing range, it could be deemed as a short term high with a greater chance of yielding shorts down into the monthly OB and weekly BISI.
It's looking like a scalpers market going into next week so those trading yields need to be nimble.
My bias is bullish but narrative incorporates bearish observation.
4.197% might seem optimistic but in the grand scheme of the macro dealing range, it could be deemed as a short term high with a greater chance of yielding shorts down into the monthly OB and weekly BISI.
UK, London
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