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