How far can it go?

If the sideways/down melt continues... we could see a similar APR selloff. $DXY $GBPUSD

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Time and again, having an open mind has helped me in the past... based on the larger structure at hand a 61.8% or 78.6% retracement (fib levels shown) does not seem out of the question to me.

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Type above... that should read "200 W SMA"... weekly chart. :)

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We are approaching yet another hit of the descending pitchfork bottom rail. Will it bounce again?

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There it is.

I took my short profit for now just underneath 1.29 on a tag. Let's see what happens now.

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1.2850 may provide temporary relief on the 61.8 % fib shown in the first few pictures.

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Dollar is strong in August usually. GU, AU, NU weak. imgur.com/a/LEN8m0n

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61.8 tagged today. s3.amazonaws.com/tra...shots/z/z85xfAUN.png

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I am of the firm belief that this is going to start accelerating fast now and have a mortal combat finishing move. It is breaking BENEATH the tight channel it has been riding in since May.

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Breaking beneath: