us dollar future trade idea – cullen outlook – formation finder
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June US DOLLAR:
Something about this 99.50 level, the USD likes…
We have been talking about and managing a short position in the US Dollar since last week.
Today, we will look at the LONG side (BUYING).
If you are still short, consider tightening stops or taking profits here and reversing.
If you are not involved and think we could see the 99.50 support come into play, today is the day!
The risk doesn’t have to be much. Somewhere near 99.00 level. It is either going to bounce or not where you would look to exit. But I do think taking a small shot here is a GREAT idea!
I would like to see the market get back ABOVE 20 day moving average in blue and onto the trendline we sold previously.
The Stochastics are trying to find a bottom and curl back higher…
Trade it when you see it!…LET’S GO!!!
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