Chart from IG Index. The line shows the approximate level of the stop.

I have been looking for a chance to get long of this ever since UK 10-year yields moved over 4%. I expected the 10-year yield to fall, as disappointing economic recovery and continued low interest rates kept the short end of the yield curve firmly anchored. I had a buy order yesterday close to the support level that you can see on the chart. The market ran away from me and is doing so again today — so I have decided to jump in. This looks like a strong trend for the time being and it isn’t always a bad thing to jump on one. I know that I need to work at getting into trends, and this is a bit of practice.
Advertisements