I've been talking about selling 'risk' for a little over a week now. I like the big rally we saw today in equities as it really improves the risk/reward profile of a lot of potential trades. One of my favorite short 'risk' trades is the AUDUSD, as I think the US Dollar may have set an important bottom. A recent piece showing a potential long-term sentiment extreme in the US Dollar likewise favors the topside.


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