Things haven't gone quite as I planned this week regarding the US Dollar. Going to remain patient, keeping in mind that I'm in this for the long game. Now that we're at a major Fibonacci level, I'm going to begin considering short opportunities heading into next week. Keep in mind q/q #'s are coming in and it should get exciting soon. Patience is a virtue.
Patience and vigilance! Those are the words of the day..
If we do continue lower, I think we could go as low as the 100-ish level long-term.
Check more fundamentals to be more in play, dxy short was obvious after last week report and hapenings, have a green one
Bobbyusesfib
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@quickodicko, what fundamentals do you suggest? I currently use Fibo and Delorean EMA's.. and have found considerable success. Im all ears, though! Thanks for the insight, I hope to hear back from you.
jake1fx
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@Bobbyusesfib i will not call it insight brotha but understanding what events doing i mean macroeconomy driving this market and driving where will dxy head.. watch every day for high impact events, sesrch for meaning of events and what their results mean for dxy, cause not all good numbers are bullish for dxy (this will be long comment)
jake1fx
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@quickodicko all the reports and stuff leads to what will FED every month decide to do with interest, so understanding this is super benefitial, even im “technical analysis is king” guy, this is must :) avoid trading gamble and manipulated high impacts and try to understand what it means, it will give you longterm view PS: leave me likes please, in trying to be in chat haha, have a green one buddy
Bobbyusesfib
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ok. good luck!
jake1fx
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@Bobbyusesfib gimme them thumbs brotha, if it aint bother you