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John Fortune
@TraderFortune
#Dad (of two) First, #Trader Second. Weekly #Forex Forecast Video (Every Saturday) / #FXStreet Contributor FREE 100 Video Trading Course ๐๐ https://t.co/gnBdIgFjlp
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Apr 27, 2022
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25 tweets
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10 min read
First up let me just say, I cannot predict the future...
I can offer 12+ years of market experience & nothing more
The $Dxy has positioned itself for a humongous Bullish move...
Major multi year & even multi decade
#Dxy
breakouts are happening *Right Now*
Charts Below ๐๐งต๐ Lets start by looking at the $Dxy itself (Monthly Chart)
On this time frame we are close to breaking out of a 7 year consolidation (when the 2015 rally stalled out)
This failure to make a low, followed by a break higher, tends to create a large amount of short covering...