Everyone who caught the short today congrats i went long and got stuck in my pos, however its not over yet today we saw the DXY was super bullish but i don’t think that’s the bigger picture. I think my original trade idea will play out. I believe we are literally repeating what happened during the month of February the price hit a peak (DXY) and then price was rejected and I believe what happened today is the sameish pattern that was printed during the first week of feb. The price rallied followed by a gap down and then the price tried to come back but it was rejected. A lot of people think the price is going back to 1.05 but this literally makes the perfect storm for retail and I’ve noticed this a lot so what i think will happen is institutions will come in Sunday and drop the price back down but before that happens we need liquidity to do that so what will happen Monday is a small rally (trap) followed by a dump off this has happened a million times already. So people will go crazy long and since the DXY is already in a downtrend it makes more sense for the euro to hit above 1.15 or higher, I’ve seen a few people post this sediment. So that’s may over view and ill just stay in long for a month CO’s this thing is going up for sure and the people shorting i see some opportunity when this thing pumps but the overall broad over view is bullish
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.