USDOLLAR INDEX - USD Long Bias
Techs
1. We are trading above the high of JAN 2016 which is a very significant level (S/R)
2. The Willis Zone bounce indicates a highly probable leg to upside
3. Golden Ratio Correction increases odds of a leg up
4. Weekly Close above previous 5 weekly candles
Fundies
In light of the FEDs likelihood of an interest rate hike, bulls will be coming in strong potentially pushing
USDOLLAR into NEW HIGHS
Personal Note
I am not trying to predict the exact movements of price. I am just pointing to my bias on the weekly timeframe. I will go long and short the USD during 2017.
"Its not about trying to be right, its about making money" - Ned Davis
"I profit and I will let others be the prophet" - Rodrigo Antonio
Warm Regards,
1. We are trading above the high of JAN 2016 which is a very significant level (S/R)
2. The Willis Zone bounce indicates a highly probable leg to upside
3. Golden Ratio Correction increases odds of a leg up
4. Weekly Close above previous 5 weekly candles
Fundies
In light of the FEDs likelihood of an interest rate hike, bulls will be coming in strong potentially pushing
USDOLLAR into NEW HIGHSPersonal Note
I am not trying to predict the exact movements of price. I am just pointing to my bias on the weekly timeframe. I will go long and short the USD during 2017.
"Its not about trying to be right, its about making money" - Ned Davis
"I profit and I will let others be the prophet" - Rodrigo Antonio
Warm Regards,
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