Bond Trade Idea: GHY – Approaching Major Resistance Zone | Jan 16
Chris Capre’s current live open price action & ichimoku trades: USDMXN, EURRUB, EURMXN, BIG, SIG
New to Forex? Then check out my FREE Learn Forex Trading Course with videos, quizzes and downloadable resources
Top Trade Review: Watch this live trade review of my student banking +115 pips of PROFIT & +11R on the USDJPY
Bond Trade Idea: GHY – Good Yield, Waiting for Pullback (daily chart)
Price Action Context
The GHY (PGIM High Yield Fund) has been incredibly bullish since the start of 2019 with very few pullbacks and a recent breakout setup.
Currently the fund is approaching a major resistance zone between 15.20 – 15.50.
I’m looking to get long on a pullback to the 14.75 area for a long term yield/value play.
Trending Analysis
ST & MT bullish, LT needs to clear mid 15’s.
Key Support & Resistance Levels
R: 15.20, 15.50
S: 14.75, 14.25
Stay tuned to the member market commentary for updates.
Want More? My private members get all my trade ideas & market commentary 4x per week. Click here to become a member.
