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IvanLabrie
Jul 31, 2018 11:33 PM

USDARS: Fellow Argentinians, sadly the dollar rally continues... Long

U.S. DOLLAR / ARGENTINE PESOICE

Description

The target here is big, but it could go even higher depending on how it acts. I'd reccomend to divest positions in local equities and bonds, and get exposure to US equities and the dollar, or pairs like the dollar/yen.
After this next top, we could see a bigger correction in the dollar accross the board though, so I want to be ready to capture the reversal, in particular by going long gold once we have full confirmation, which may come by September.

Best of luck to us all,

Ivan Labrie.

Comment

I had anticipated this jump a few days ago:
s3.amazonaws.com/tradingview/snapshots/y/YJdk7M9X.png

Trade closed: target reached



Target was hit.
Comments
deuxreaper
Good call.
IvanLabrie
@deuxreaper, thanks, sadly I was right. I think the rally will extend for now, there's no sign of a top in US equities yet. Probably will last this whole month at least.
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