The Dollar ready for a possible retrace
Goodday to all of you..
Well what a run it was from the dollar..
We are nearing resistance and aggressive traders can start to accumulate 'short' positions..
Remember the market cycle from a price action point of view.
Breakout--> Channel --> Trading range (75% of the time).
Breakout--> Channel --> Breakout (25% of the time).
Price is trying to breakout from a trading range.. (80% of these breakout attempts FAIL(!))
Well what a run it was from the dollar..
We are nearing resistance and aggressive traders can start to accumulate 'short' positions..
Remember the market cycle from a price action point of view.
Breakout--> Channel --> Trading range (75% of the time).
Breakout--> Channel --> Breakout (25% of the time).
Price is trying to breakout from a trading range.. (80% of these breakout attempts FAIL(!))
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