But i believe that we should be prepared to long the dollar again from lower levels.
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Secondly, this week's candle gapped lower, so i'm inclined to believe that we will see a strong bearish close this week.
The way I see it, either ADP/NFP will erase those losses (or they could disappoint given that 3/4 weekly jobless claims rose more than expected). We could either see a strong bearish candlestick this week or a doji.
Eitherways, with hanging man, there is a possibility of a minor high being made (typical stop hunt) before resuming lower. If we see a strong bearish close, then we can expect a squeeze next week or so before the short term trend resumes lower.