I think the US Dollar is due for at least a reversion to mean
pullback. Today's action looks like a blowoff topping pattern to
me. It may take some time, though I'm comfortable starting a short
position. 74 long term RSI here, and hasn't been this strong in
many years.
Already in the green, I am long UDN (bearish etf) for the dollar
and own some puts for January 2023 (small size wise) on UUP. Very
reasonable to expect at least a reversion to mean pullback
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I think the US Dollar
Posted by fundamentalvalues on 12th of Jul 2022 at 07:15 am
I think the US Dollar is due for at least a reversion to mean pullback. Today's action looks like a blowoff topping pattern to me. It may take some time, though I'm comfortable starting a short position. 74 long term RSI here, and hasn't been this strong in many years.
Already in the green, I
Posted by fundamentalvalues on 12th of Jul 2022 at 11:49 am
Already in the green, I am long UDN (bearish etf) for the dollar and own some puts for January 2023 (small size wise) on UUP. Very reasonable to expect at least a reversion to mean pullback