thehaitiansniper

DXY Clearly Bullish beware if taking Shorts

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The USD has been on steroids lately and here is why. Fundamentally it doesn't make sense with all these trade wars going on and all this non-sense. However in this messy environment there is a bit of order. As a harmonic trader I use patterns to give me a better sense of where price is going. We have put in a Bearish Cypher on DXY. We have broken and closed above the B point which validates the pattern according to harmonic standards. I look for price to continue its rally to 101! Then we shall wait and see if the pattern giives us a trend continuation bounce off the 38.2% or the 61.8% fibonacci retracemtns or if we just tumble back down and start a bear run. Therefore I will be longing USD/JPY and selling GBPUSD and EURUSD, they are primed to make lower lows if the DXY keeps pumping! Happy trading!
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