What's in store for USD in Q2... time to choose our side!
Firstly congratulations to those who took shorts on the previous idea (please see attached), very well done for clearing all targets on the handle.
We are rolling with the dollar holding 100.xx post FED - we need to keep in sync with the dollhair to make our next few months a lot easier and it will separate the men from the boys, having a crystal clear map will be invaluable.
OK so with that in mind, lets draw our maps moving forward;
As long as strong prints on the macro front continue, then as will Trump's Honeymoon be extended with tax cuts being tracked like a hawk by smart money. The initial knee jerk rally is over as markets have begun to demand more since Trumpcare fell through.. In any event, there are many doors still open, if not tax cuts then we have huge infrastructure and if all else fails there is always defence (or "attack").
What we now need to track is the pullback we find ourselves in... there is plenty of room either side here, what I aim to do by publishing this idea is to start the discussion and place for us here to track and put in context over the next Q and current leg.
Our options are as follows;
a. BUY above 102.xx -> TP 109.xx
b. SELL below 98.xx -> TP 92.xx
c. sidelined, waiting for things to become clearer
d. No idea
We are rolling with the dollar holding 100.xx post FED - we need to keep in sync with the dollhair to make our next few months a lot easier and it will separate the men from the boys, having a crystal clear map will be invaluable.
OK so with that in mind, lets draw our maps moving forward;
As long as strong prints on the macro front continue, then as will Trump's Honeymoon be extended with tax cuts being tracked like a hawk by smart money. The initial knee jerk rally is over as markets have begun to demand more since Trumpcare fell through.. In any event, there are many doors still open, if not tax cuts then we have huge infrastructure and if all else fails there is always defence (or "attack").
What we now need to track is the pullback we find ourselves in... there is plenty of room either side here, what I aim to do by publishing this idea is to start the discussion and place for us here to track and put in context over the next Q and current leg.
Our options are as follows;
a. BUY above 102.xx -> TP 109.xx
b. SELL below 98.xx -> TP 92.xx
c. sidelined, waiting for things to become clearer
d. No idea
Trade closed: target reached
