A small short is needed before breaking the highs, as on the asian and the europian session the market will keep going down! than, we ll go out before the volatility hits the market on the NY session.. it may form new highs as it may break the low!
For all Bears, it may be your last position short guys, take ur profits as your strategy demande, be careful for no one out, the market, is desperate for a healthy correction..
Another chance to accumulate shorts as the market move up, be carfull in my opinion USDollar is much over valued as a curency and without a doubt we will see a reversal soon (tight stops, or get out if your money management plans does allow such risky market)
For all traders shorting, book some profits, a pull back coming to re enter the market, don't recommend buying yet or any time as long as the feds pushing the dollar up !
For all safe traders, keep your distance from EURUSD or all USD based Pairs tbh, for traders like me, accumulate shorts, we will never predict a reversal before it happens. GL Traders
Basically the US Dollar have more strength than before and the uptrend feel more like a retracement than an actual trend, very big down movement potential, cash your longs
I expect a fall under the 12500 price level a test may be possible before a break out, for me, I ll start accumulating sell positions as the maret make new highs.
