Week20 Dollar index supported @ 2013 low forming major Wash and rinse

W1

Price hit 2013 52 weeks low. Support indicated by a d1 bullish hammer. Subsequent friday close confirmed a bullish hammer.

week20 Dollar index w1  52weeks low big picture 110514

D1

With this bullush close, a WR of 4 months low and Wr7B is formed. On next week, I will be looking for retracement, before playing off Dollar strength. I.e gbpusd , nzdusd , eurusd.
My conviction for gbpusd short has increased.

week20 Dollar index D1 Wr4d1b wr7b 110514

week20 Dollar index D1 Wr4d1b wr7b 110514

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