The Dollar offers a nice reward to risk entry as a continuation trade here. I'm long via FX pairs and a Dollar Index position. Eventually, it might take coordinated intervention to stop this advance, fundamentals are firmly in place for a continued trend in the Dollar against foreign currencies, given the limitations to affect the energy market and of monetary policy itself in the Euro area. Japan benefits from increased competitivity for their exports, and won't be able to stop the advance if they wished to do so on their own. Perhaps at some point we will get coordinated intervention similar to what transpired in 1985 with the Plaza Accord. The rally here in quarterly and yearly scale is potentially of huge scale, so I'll be ready to trade any continuation signal to the upside while the trend variables remain in place.
Best of luck,
Ivan Labrie.
Best of luck,
Ivan Labrie.
手動でトレードを終了しました:
Target hit.
