tmsbauer
Short

USDollar Uptrend Stalls, Breaks Lower

FX:USDOLLAR   Dow Jones FXCM Dollar Index
9 0 0
The USDollar             Index broke bullish price structure, triggering our short entry orders on the USD major pairs. Retail traders have reduced their long USD positions slightly, but net positioning is still heavily long. This indicates the downside continuation risk outweighs long risk at the moment. We will hold our short USD positions until price structure breaks back to the upside on the 30 minute chart.
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