Technicals look prime for a reversal. Signs of Bullish divergence, DXY in a wedge, FOMCE this Wed. I'll ditch my Bullish bias should price close below 100% Fib & median line confluence. Let's see what happens.
Sharing with you a good example of how the "fake out" can bite us in the butt. Luckily with being burned so many times in this game, I've come to realize its just a game that needs to be played right.
Had placed two pending orders last night before NFP this morning.
Notice how price rallied overnight, almost triggering my buy order before crashing down hard...
11 year decline between 1985 and 1996 followed by a 6 year rally, then a 7 year strong decline, 5 years of stagnant price movement and finally a 4 year rally beginning in 2014.
Perhaps upward potential before we see a major move lower.
