Our algo is detecting something we are not, an undercurrent of momentum in favor of the USD. We remain DOLLAR BEARS, but recognize that for the dollar to move, we may see one final wave of USD RALLY.
We will protect ourselves from that possibility.
EXAMPLE : USDSEK DAILY – even though this level is very attractive to take RISK on the SHORT SIDE (amazing divergence) we could see one final LEG HIGHER in the USD. We will wait flat and see if there is any reaction.