Republican bear cycle / QE
Long-term sell-off in expectation of the Trump administration's projected monetary policies. In addition, on a technical aspect, the inefficiencies of the last DXY drop in Nov. 2022 are filled. The entry is given by the change in the daily structure after filling the aforementioned inefficiency. The target is looking for liquidity at the low of Jul. 23', coinciding at the 61.8 fibo of the bullish momentum of the Democratic Biden administration.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.