The US Dollar has torn higher for the past several days and general market sentiment would suggest that “no one believes it will ever fall”.
You know what usually happens next.
I’m taking another crack at it “short” here today with consideration that…..this may very well mark a final top in USD and set the stage for a considerable decline. I know I know…….but once you have a trade plan – you stick to it (to the degree that your money management will allow you to stay in the game). I’ve not entered new currency trades for quite some time now so “I too” need to see some action.
USD/JPY short…EUR/USD long…holding miners and buying weed.