Look at the long term charts. This puppy could have a long way to fall.
I can't believe I didn't see anyone mention a H&S on this main currency play that is directly related to the US Equities prices.
Just a thought...so many technicians got burned by the S&P H&S in August, that now people are afraid to bet.
The first chart is a counter intuitive "sell on weakness" play.
I placed my largest FX trade ever 200,000 short.
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Insightful and Useful Comment!