DX1! Fractal Top Confirms Gartley

ICEUSA:DX1!   U.S. Dollar Index
208 4 5
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,

aka The Rational Investor

+1 Reply
Cryptoelite CRInvestor
You little beauty!!
CRInvestor Cryptoelite
sick trade eh....damn
+2 Reply
nice I just waited for your confirmation, I got same idea... :)
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