Short

Short term EURUSD trade

Updated

USD has been strong as the FED pumps rates up. The markets are on hopium thinking rates will go flat or down soon. That may have resulting in a bounce in currencies against the USD, but I that was only a knee jerk reaction. I think that once the markets realize the FED is committed to long term 5+% rates then the demand for USD will be high from foreign investors. We will see a flight to the USD.

Note

I really feel EURUSD has a chance to go to 1.04

Trade closed manually

I'm out for the week. Bear flag in the remaining couple hours. Probably a good set up for another short.

Note

Seeing a lot of divergence on this bounce. I'll keep any eye on it but I'm not adding any trade yet.

TimeTravel_0

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