Acroding to CFTC, we have alargest net short positions on EURO since December 2016.. and the market is heavy short. Therefore, I would like to take the other side of the market as this could give a vicious squeeze to the bears. History repeats always and if anyone does not remember is likely to witness the perils of it.
Back in 2018, according to CFTC April 3rweek, DOllar was heavily short but what happened after that, check out DXY since April 18 and I am not saying this will go till 1.20 + but we could see some short term 300-400 pips move..In the end, Price action says it all and I am already long since 1.1130
Good RR out here but remember, this is a widow maker trade.
Back in 2018, according to CFTC April 3rweek, DOllar was heavily short but what happened after that, check out DXY since April 18 and I am not saying this will go till 1.20 + but we could see some short term 300-400 pips move..In the end, Price action says it all and I am already long since 1.1130
Good RR out here but remember, this is a widow maker trade.
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