The US Dollar is doing a rope a dope, it has taken a real beating, it has yet to show it’s hand!
Rope a dope..”The rope-a-dope is performed by a boxer assuming a protected stance (in Ali’s classic pose, lying against the ropes which allows much of the punch’s energy to be absorbed by the ropes’ elasticity rather than the boxer’s body) while allowing his opponent to hit him, providing only enough counter-attack to avoid the referee thinking the boxer is no longer able to continue and thus ending the match via technical
knockout.
The plan is to cause the opponent to ‘punch himself out’ and make mistakes which the boxer can then exploit in a counter-attack.”..
The UUP is bearish as it is under the brown 1×1. However it is building a strong pattern. Chart watches must watch this chart, a break above the 1×1 would signal real problems for risk on assets. Are the US Dollar traders ‘rope a dope’ the world markets, watching and waiting?
Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Visit Us www.deryworldscorp.web.id
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