All together it looks like momentum is quickly decrasing. Of course it can try to dip few more times, as lately enterring bears give up last and they are always too desperate to hold on and prove their right in the already crowded mkt. But chances are higher for either a sideaway consolidation or rather some larger correction up to 1,2950-1,3000.
4 Hrs: Broke the , 100 , and briefly stepped above the Kumo. We still need one more push, then we'll have a Chikou Span cross above the Kumo as a confirmation. Pice is now back into the Kumo, and retested previous and 100 . Tenkan is Above Kijun, both of them are in the Kumo, this is medium . Future Kumo crossed positive (Senkou Span cross). DMI also , only Slow is under pressure.
So what to do? I am already short DXY anyway, so the safest way to take a long with best risk/reward is clearly to set up a Stop Buy at 1,2720, or if Price trades lower but still in the Kumo and above Kijun Sen, then Stop Buy at mkt price when Slow turns . increased so stop loss should be placed the lowest at 1,2590, thus be careful with position sizing too!