ridethepig | DXY Market Commentary 2020.06.15
Updated
A quick update here for those tracking the entire swing in Dollar:
It would be more natural to develop in this structure with a test of 99, since the impulsive sequence (if it is such) must eventually test 92.92 to complete the move. To keep up the pressure on USD the social focus will instead switch towards Atlanta and health focus on virus cases which sadly are shooting higher once more.
To exploit the USD "weakness" the positions are more of one:
📍For those tracking Short-term flows:
📍 For those tracking the Long-term Macro chart:
As usual thanks all for keeping the likes, comments, charts and questions rolling!
It would be more natural to develop in this structure with a test of 99, since the impulsive sequence (if it is such) must eventually test 92.92 to complete the move. To keep up the pressure on USD the social focus will instead switch towards Atlanta and health focus on virus cases which sadly are shooting higher once more.
To exploit the USD "weakness" the positions are more of one:
📍For those tracking Short-term flows:
📍 For those tracking the Long-term Macro chart:
As usual thanks all for keeping the likes, comments, charts and questions rolling!
Trade closed: target reached
92.92 hit! ✅ ✅
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