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UnknownUnicorn7567260
Dec 1, 2020 8:00 PM

DXY : GOING OUT- BUT WITH A BOOM FIRST Long

U.S. Dollar Currency IndexTVC

Description

deflation

91.30 massive fibonacci support
pictures below are mult. time frame analysis
oversold
the world reserve currency is not going anywhere till banks can reallocate that capital first,
I am sure they'll need lots of U.S. dollars to do so...
when everything is denominated by the dollar - it's inevitable
& with the massive amount of people short the dollar now,
I am pretty confident that the dollar is setting up for a move to higher prices.
if hyper inflation is really going to happen, The ECB will be the first to start, not the Fed


These markets are definitely providing opportunities, lucrative ones..
craziest part is - we may never see an opportunity like this again


ready?
(:

GL!


Comments
ProfitHarvest
Nice DXY breakdown, this is the trickiest piece of the puzzle
UnknownUnicorn7567260
@ProfitHarvest thank you! But yea, no doubt! Extremely difficult, I’m sure that has to do with the massive manipulation from central & shadow banks... but, regardless, I think the dollar is essential to keep track of (helps with gold positions too)
ProfitHarvest
@I8I, Oh yea it is, Put/Call Ratio also seems useful here, in a big FW...
UnknownUnicorn7567260
also, 91.30 has been on my radar since feb based off fib TA. I didn’t expect it to come so soon, but sheesh.. here we are
timing the dollar = timing the markets
UnknownUnicorn7567260
safe to say, I am excited...
GreenCandleTrading-GCT
90.50/70 first then boom up
UnknownUnicorn7567260
Oh and I didn’t add this in the description!!!!!!
That is a true expanding wedge - just like the indices
Just in opposite spots...
(:
GL!
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