The USD Index (DX) has generated a Quarterly Short Failure signal, meaning the USD should gain in strength showing a quick, strong momentum move.
Basically all asset classes that are already in long-term bulls may see, as a consequence, some volatile countertrend reactions within the overall uptrends.
Volatility is a trader’s best friend, and, a Trader Trap is doing exactly that: generating strong, volatile, one-leg moves. Such a higher timeframe move allows for great pattern entries in lower timeframes. Hear Gabriel explain in the video below.
