If you’ve been reading and following the last couple posts you would know that we are disliking the US dollar against the looney. If you haven’t thats ok, just make sure you check em out after this. It adds further confirmation to the ideas presented.
If your dinner has been served and you’re ready to keep things simple then look at the weekly index for the dollar and notice the heavy divergence. Wait, let me stress this further, look at how dang LONG this has been developing for. Patience is a virtue and the market rewards those that are patient. I’m going to sound repetitive because you all are too greedy and always want to be in the market picking tops and picking bottoms.
This divergence and lack of momentum signals exhaustion and adds fuel to our shorts with UCAD. Don’t go bald pulling your hair out, hold on to the laurels this will be a ride. See ya soon folks.
@alexnader22, then it sounds like you’ll be on the right side of the wave. Keep your finger on the pulse and look for price action patterns at these levels. Follow me and trade your way to freedom!
transparent-fx
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hey love to see that we all share our views and learn from each other so thanks for sharing :