thought process change
Updated
back a year ago i thought dxy looked very up-trendy on high high TF later it broke a trendline. there i got bearish towards the 93 mark with a new diag that supported a bearish C. FORK if it broke down but it rallied from there stayed in uptrend
I am now bullish again for DXY considering the entire picture of bearish on GBP and EUR, fiat currencies all seem week and make the USD seem like the best option. Post BREXIT I think 6 months after there will be a clear picture of what the macro outlook will trend towards.
112 is probably insane, 93 probably was a bit insane back then too
I'm a better analyst now than I was then but just releasing this as a study of how we change our minds and get tricked by price
maybe this is instead just evidence that im a full-on counter-trade signal, do as you will felllas
I am now bullish again for DXY considering the entire picture of bearish on GBP and EUR, fiat currencies all seem week and make the USD seem like the best option. Post BREXIT I think 6 months after there will be a clear picture of what the macro outlook will trend towards.
112 is probably insane, 93 probably was a bit insane back then too
I'm a better analyst now than I was then but just releasing this as a study of how we change our minds and get tricked by price
maybe this is instead just evidence that im a full-on counter-trade signal, do as you will felllas
Note
just to add to this here, my target for dxy is 100Note
still bullish
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