Anti
Just a quick followup to this post, in which I suggested the US Dollar might be set for a fakeout rally (that has happened) that might fail into a sharp selloff (this could be setting up.) Let's look at what has developed since I published that post a
Pullback
Markets move in alternating waves of with-trend strength (or weakness) interspersed with moves against the trend. We call these moves pullbacks or consolidations, and they create some of the most powerful and most useful trading patterns we have. (I've written about them here and here.) Many of the
Climax
The US Dollar is in a trend of historic proportions; the strength and rapidity of its advance has shocked many other currencies as they scramble to adapt to the new US Dollar. This creates an environment with considerable risks, but also brings some opportunity for traders who understand how currencies