Nshan
Short

DXY BEARISH BAT PATTERN

TVC:DXY   U.S. Dollar Currency Index
448 5 9
YOU CAN SHORT DXY             NOW OR WAIT ANOTHER RETEST AT THE GREEN LEVEL .
I CAN SEE A BIG REVERSE FROM HERE
TP1 96.93
TP2 95.02
TP3 91.93
AND I WILL KEEP A 4th POSITION RUNNING
SL ABOVE X POINT
GOOD LUCK
Comment:
this is what just happened at the green zone :D
Comment:
Comment: AFTER TOO MUCH PRESSURE PRICE REVERSED :)
HOPE IT CONTINUES LIKE THIS ! GOOD LUCK GUYS !
MAYBE YOU DIDN'T NOTICE ( WE DIDN'T HIT THE STOP LOSS WITH VERY FEW PIPS ;)
KEEP IT, DON'T MOVE IT!!
Comment: We waited and were sure that the price will turn to entry level.. you can close this trade without any loss since it is playing on a good support line or keep it with a small SL. Good luck
Comment: after breaking the resistance line , and testing the entry level , watch carefully this chart to understand
Trade closed manually: Since the price pulled back to the entry point this trade closed manually.
Good luck for the upcoming trades.
Is the 20+ yr treasury bond price trying to tell us something?
Reply
Nshan bracken
@bracken, yea maybe , great catch !! my view tells me TLT heading to 118 -115- 102...
Reply
bracken Nshan
@Nshan,
to me the TLT pattern (ending diagonal?) suggests that the era with ultra low rates might be over for this rate cycle. Falling bond price means rising rates. Considering the debt burden not only in USA.....in fact USA might even be one of the least ugly kids on the block.....the consequences can be grim to a big part of the world
Reply
I agree that it will retrace but most likely only down to 97.80 (MM level), then another push up beyond 100 when FEDs rate decision is announced in December. After that, it's all up for a change.
Reply
Nshan cwittusen
@cwittusen, since DXY wasn't able to break that level for the 3rd time , i just pulled my trigger !! i am talking about very strong resistance . good luck my friend , SL above X point is very small till now :)
Reply
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