Hello all,
I have been watching the US Dollar here lately with keen interest. After putting in a well defined 'Gartley' harmonic pattern, today the Greenback fired a Fractal top sell signal. The two of these combined suggests to me upside pressure is abating and maybe its time for the US Dollar to start coming back down to earth.
As outlined on the chart, taking a short here and risking to new highs while at the same time looking for a 50% retrace of the entire bull move presents us with a more then 3:1 reward to risk taken trade setup.
I have officially gone on record here as being bearish of the US Dollar and would recommend the above noted trade for those inclined to play the anticipated move. For those wishing to super charge their returns, consider a US Dollar index Put option.
That's all for this post,
Brian
aka The Rational Investor
www.therationalinvestor.co/
I have been watching the US Dollar here lately with keen interest. After putting in a well defined 'Gartley' harmonic pattern, today the Greenback fired a Fractal top sell signal. The two of these combined suggests to me upside pressure is abating and maybe its time for the US Dollar to start coming back down to earth.
As outlined on the chart, taking a short here and risking to new highs while at the same time looking for a 50% retrace of the entire bull move presents us with a more then 3:1 reward to risk taken trade setup.
I have officially gone on record here as being bearish of the US Dollar and would recommend the above noted trade for those inclined to play the anticipated move. For those wishing to super charge their returns, consider a US Dollar index Put option.
That's all for this post,
Brian
aka The Rational Investor
www.therationalinvestor.co/