DXY MNT: Massive Double TOP: 15% losses possible (NEW)

23 ก.ค. 2020

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DXY MNT: Massive Double TOP: 15% losses possible (NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect more downside
short-term and mid-term as well.

WARNING MESSAGE. this is not a trade setup!

🔸 Summary and potential trade setup
::: DXY monthly chart review
::: USD losing value fast now
::: primary reason: FED RESERVE
::: heavy double top and rejection
::: price hit MIRROR S/R level from 1989
::: and produced a MASSIVE double TOP
::: expecting HUGE losses from here
::: which makes sense cause FED is printing
::: insane amounts right now
::: GOLD will trade at 2500 USD at this rate
::: EURUSD may appreciate and hit 1.2000 this year
::: USDJPY 90.00
::: be very careful because ECB/FED unleashed extremely
::: powerful bazookas now to save the markets
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BEARS