18 May 2011

USDX : Short at 75.41

  • Still sticking with long term lower USD view.
  • Monthly : More likely down than up. Short term rally over-run its course.
  • Weekly : Currently trading back below 75. 63. A potential negative, awaiting confirmation.
  • Daily : 1st incidence of 2 consecutive black candles = 1st indication of weakness during this bear squeeze. Reversal price action on the day.
  • Trade : Sold at 75.41 at close of day.

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