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Its sure looks like a corrective flag/sell set up [ATTACH]

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specgoldbug

13,113 Posts.

392

24/01/18

10:07

Post #: 30521086
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Originally posted by sydshare ↑

The FA is totally disconnected especially with US 10 yr rates at 2.64%. The only thing I can see is it's risk on as the world is suddenly a wonderful place plus commodity prices have moved higher. But , one day soon all the talking heads will come out and say "See, look how the US$ is rallying on higher rate differentials , it had to happen"

Yep, patience and money management are key as you need to fight another day for that day/days when you are "In the Zone".

I've just shorted OZ/US$ as I want to be in it when it collapses based on FA.
BTW, ING on FXSTREET saying Iron ore will collapse from $75 to $55 a ton... FXSTREET , I can't recommend them highly enough.

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Its sure looks like a corrective flag/sell set up
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