- Key level to watch is 96 !
- Heikin-Ashi reversed to . We have quite a damage in USD Indx , but no drama yet. Real panic and USD sellof would start below 96.
- EWO and are still holding in territory
- Massive USD selloff on Trump victory, but initial super price action started to fade a bit. However the damage is clearly done here. setup turns neutral from .
- Heikin-Ashi candle is kind of extreme with these super long wicks... yet it is bearish! haDelta and DM_Oscillator are down.
- will stay high. Be careful with position sizing!
- EWO is down to flat
We should not have illusions, Trump will fck up US budget. The next big trade for 2017 will be SELL USD ( DXY ) and SELL longer dated US Treasury Bonds!
Wait a bit until the dust settles, then think about how to build short USD positions!
The long term is more important. I think as FED hikes, ECB will also normalise rates soon. + Trump's policy will be all based on USD devaluation. In 2 years horizont I think DXY will come to or sub 80!