T note futures, retracement to 120 before continuation short

With initial signs of the 3% yield looking like it is being respected, but overall the trend is still down look to short around 120'00 and a break in structure around the previous swing high ~121'08 level.

Commentaire:

The notes are struggling to break the 119'185 level despite the lack of hawkish in the FOMC meeting.

Commentaire:

Finally broke the 119'185 the session after i posted (typical) order still in place

Ordre annulé:

Retraced to a high of 119'315
Entry price commenced at 120'00, unfortunately 1 tick off.
I will be hesitant to trade if price retraces towards 120'00 again as this will show a classic double bottom pattern and the break at 120'00 may see buyers enter the market and stop may quickly be triggered.

Order cancelled.