I dropped a idea for a sell based on Tuesday's high of the week. So this makes the most sense to me...They used Monday to Fake out a High for the week then did the high of the week on Tues. Price held steady moving sideways for the last 24hrs. Now the dollar has to make a decision and push bullish or bearish. It makes the most sense for the dollar to turn bullish now during London session, give a direction to the market. Proceed with being bullish through London and the end of the week...Ultimately in turn resulting in a Great Sell opportunity on GU. For the next entry I would wait for a Clean Break and retest of 1.2168 area. This allows for Original entry to remain protected while the trend confirms direction for the next move.
Trade closed manually:
Okay so now that we have found some support for the moment I believe that we will get another sell entry for London session to continue the bearish move. 1 HR till the Daily Close and the dollar is looking to close Bullish for the day. From this we should get more pressure from DXY.
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