sugardaddyFED

US Dollar Index Bull Flag

INDEX:DXY   U.S. Dollar Index
Entry: Long Dollar on the break out from the flag and taking out previous high of 97.73 for confirmation.
Stop: Use 97.00 psychological level or 96.98 which is 76.8% retracement of the flag high to low.
Target: Using the Flag pole as an estimate to a target - we have 100.37 (which was previous target)

Trade Invalidate if:
- Fed members talk down the dollar
- A Dovish remark made by Yellen
- Suggestions that September rate hike is questionable
- Worse than expected employment data
Daily Chart is here -
snapshot
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