This chart update comes after a conversation with @Kate25 .. here we are marking the end of the flows in the 2nd wave of a large 5 wave sequence to the downside for Dollar.
To put simply, those betting on the highs in USD are outguessing the beginning of a 3rd impulsive wave to the downside as demand dampens. We have discussed many times in other ideas (see the archive) for the macro side in USD so we will not cover that here today.
Best of luck all those positioning for dollar end of cycle flows.
To put simply, those betting on the highs in USD are outguessing the beginning of a 3rd impulsive wave to the downside as demand dampens. We have discussed many times in other ideas (see the archive) for the macro side in USD so we will not cover that here today.
Best of luck all those positioning for dollar end of cycle flows.
