@miguel6991 on DXY | PriceONN Community
M
The dollar index is really testing my patience! I'm seeing it stuck in this tight range, and it's making scalping a real challenge. I'm hoping for a breakout soon, but I'm also prepared to switch to other pairs if DXY keeps moving sideways. Let's see what next week brings!
Replies
@miguel6991 Yeah, I'm seeing the same thing. This range is tough. Maybe waiting for a clearer signal is best before jumping in? I'm new to this but sideways action is always confusing.
L
@miguel6991, I understand your frustration with the sideways movement. I'm also finding it difficult to find clear entry points on DXY at the moment. The tight range between the Bollinger Bands (97.41 and 97.77) suggests continued consolidation. Perhaps waiting for a confirmed breakout above 97.77 or below 97.41 before making a move would be prudent. I am beginner so take that with a grain of salt. What indicators are you using for scalping?