I am long on the US dollar for 2021 up until January 2022. We see two key resistance levels that could be reached over the next 3 months. Technically we bullish. Fundamentally we waiting on the fed to slow down on quantitative easing. This will confirm the bullish momentum for the end of 2021. We need to be adaptable to the long postion with the changing times we are in.
Firstly I believe no trade should be taken unless we hit 45 000. If this level holds I will only look for buys and hold it in the long term based on fundamentals. My stop loss will be at 40 000. I am not looking at any sells. Based on this rising wedge which showed the sell coming in. My Fundamentals tell me the following. Since intuitional money is betting big...