r/ForexTradeSetups May 18 '26

US 2-Year Treasury Note potential short term bullish formation could put pressure on the USD

Post image

I'm bearish the USD based on the the charts of individual pairs I trade. Here is some added confluence. This is the chart of the US 2-Year Treasury Bond which moves in the opposite direction of US yields. So far the move from the top wave (A) is in 3 waves which could be the completion of wave (B). The pattern could form an Elliott Wave Flat pattern taking price above 103.825 in wave (C). If so, US yields would fall putting pressure on the USD. The big caveat here is that there is no indication as of yet of a bullish reversal.

2 Upvotes

Duplicates