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8 Good Reasons To Short USDFive world-class investors that are bearish on USD... 1) Ray Dalio “You can’t continue to run deficits, sell debt or print money rather than be productive and sustain that over a period of time. If we don’t work together to do the sound things, to be productive, to earn more than we spend, to build the stability of our currency and build a good balance sheet, we are going to decline." www.marketwatch.com 2) Stephen Roach "The US dollar could collapse by the end of 2021 and the economy can expect a more than 50% chance of a double-dip recession" “The U.S. economy has been afflicted with some significant macro imbalances for a long time, namely a very low domestic savings rate and a chronic current account deficit” “The dollar is going to fall very, very sharply.” markets.businessinsider.com 3) Hugh Hendry “When I look at the world of macro, I think it’s telling us that we need a lower print on the dollar itself.” “I think we need the Treasury, and not the Fed, to step up to the plate and tell the world ‘we’re going to target 70 or 60 on the dollar index.’ That would change the world.” www.cnbc.com 4) Warren Buffet "The rest of the world owns $10 trillion of us, or $3 trillion net." "If lots of people try to leave the market, we'll have chaos because they won't get through the door." "If we have the same policies, the dollar will go down." moneyweek.com 5) Ulf Lindahl will plunge 36% against the euro over the next year or so, taking it to levels it has not seen in more than a decade, and “is the beginning of a very large move.” www.reuters.com Note: Analysts from Citi, Goldman Sachs, and BlackRock are also bearish on USD www.aljazeera.com markets.businessinsider.com www.reuters.com
Short
by UnknownUnicorn13791118
1
GBPUSDPrice play very well😊, i'm hoping all of your guys did very 💵💵💵😊well during this correction move. As we explain later, that we might be ending wave x or expecting a new bear.. Price decided to give us a beautify w-x-y pattern to finalise wave b.. What next now ? Please validate this pattern and if prove valid then expect angry bulls for wave c.. Will give you update as soon the structure changes, for now we might get choppy or sharp wave c... All the best..😊
by Ghost_Trader_SA
GBPUSDI'm 😊 hoping all of you did very well and Grub a lot of pips 💵💵💵😊. Price moved exactly as expected😊 Now, if you are still in, please manage your trailing stops. If price prove to end wave (x) here as expected, Then expect wave (y) either sharp or choppy to complete the pattern... Please, make sure you validate this wave before placing any trades because it possible for price to continue pushing up to level (1.31729), and if it does push up then our wave (x) will become an incomplete wave (3) of wave (c) of (b).. All the best...💵💵💵😊
by Ghost_Trader_SA
4