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Shorting US Treasuries

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A bit obscure this one but my analysis shows some potential upside for this inverse US treasuries ETF.
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A good example of how currency considerations are important. The US 10 year yield has gone shooting up but because it has been accompanied by a weakening in the US dollar this etf, which is in GBP, has barely budged.
Here is the same etf traded in USD.
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Wave Analysis

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