/ZB (30-yr Treasury bond futures) offers an objective short entry here at resistance and/or on a break below this 60-minute bearish rising wedge pattern/BOD (benefit-of-the-doubt) uptrend line.
ZB 60m April 29th
For ETF traders, TLT (20-30 yr Treasury bond ETF) also offers an objective short entry here at resistance and/or on a break below the uptrend line on this 60-minute chart.
TLT 60m April 29th
Taking a full short position here at resistance is the more aggressive trade, as Treasuries are solidly in a near-term uptrend with zero sell signals or evidence of a reversal at this time. The “and/or” means that one could either take a full short position here “and” a partial position, adding to a full position if & when /ZB and TLT break down below those uptrend lines. The “or” would be to wait for a solid break below the uptrend line before initiating a position.
I typically take at least a 2x+ position size (twice or more a typical position size on the the stock indices) when trading Treasury bonds due to the much lower volatility & gain/loss potential. Stops should be commensurate with one’s entry price relative to their preferred price target(s), ideally using an R/R of 2:1 or better.