Hi Traders,
This is a continuation of my previous post which was on target. Link provided below.
It seems even the mighty US dollar obey's fractal or trends.
Looking at the macro formation, by the way, I keep away from other peoples thoughts on this as they can influence your clear thinking, we have the 1st, 2nd and now somewhere the 3rd pushdown pressure and hence its reasonable to think, eventually the DXY will break though or drop hard. I'm leaning to dropping hard as it reverses here with the double bottom but whats against it is all the resistance levels and more so, the FED Res. printing trillions more.
On this chart, I picked the macd as a reference fractal to demonstrate what is likely to come.
All the best,
S.Sari
PREVIOUS POST
This is a continuation of my previous post which was on target. Link provided below.
It seems even the mighty US dollar obey's fractal or trends.
Looking at the macro formation, by the way, I keep away from other peoples thoughts on this as they can influence your clear thinking, we have the 1st, 2nd and now somewhere the 3rd pushdown pressure and hence its reasonable to think, eventually the DXY will break though or drop hard. I'm leaning to dropping hard as it reverses here with the double bottom but whats against it is all the resistance levels and more so, the FED Res. printing trillions more.
On this chart, I picked the macd as a reference fractal to demonstrate what is likely to come.
All the best,
S.Sari
PREVIOUS POST
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This community has signals now but with no risk management comms.
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This community has signals now but with no risk management comms.
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
Disclaimer
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.