Accumulation, RgExp Failure, Overbought divergence in an RgMov weekly downtrend. Should start heading lower here. Break of the high at 104.62 and will likely see 105 and 106 levels.
Trade closed: target reached:
Guys we have closed our shorts near the lows. We flipped long at 103.26. DXY is staying strong and there are other fundamental factors going on behind the scenes with the YEN as we speak. Position trade here if it holds!
Now we have closed our longs and will stay flat for the time being. Great job to anyone playing both sides :)