Feds keep printing MOARE of that junk currency we call USD, Los Saudis ain't playing ball no more, they are refusing orders from the yankees if they ever announce a switch to another currency let's say like hmmmmm ze Chinese yuan? or Bitcoin? Then that will be the day the yankee dollar will be going Kansas Bye Bye!
DXY seems to be setting up for a monthly...
Small charts under 1D have been extremely choppy which has made for a ton of liquidations on both sides of the market. I myself included.
Thank heavens for risk management and stop losses.
Zooming out to the 1D chart, we can see a much clear picture and pattern at play.
The previous Leading Diagonal formation which I was expecting to play out, unfortunately...
