02 Dec US Dollar Index
On December 2nd, 2015 we shorted March DX futures 7 ticks from the absolute high.
On December 3rd, the Dollar Index plunged roughly 3% after Mario Draghi of the ECB announced a disappointing stimulus package for the Eurozone economy. How did we know the ECB stimulus would disappoint? We didn’t, but the chart did. It told us unambiguously that the Dollar would weaken and the Euro would strengthen and it told us precisely where to place our Dollar and Euro orders.
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