@MelissaClark20 on DXY | PriceONN Community
Okay, so I went long on DXY earlier at 98.85. It's looking pretty good, RSI is def on the bullish side. I'm thinking of moving my stop loss up to breakeven now that it's at 99.01. This way, even if it pulls back, I won't lose anything. Thoughts???
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Also, I'm wondering if anyone else is watching the Bollinger Bands? It's getting close to the upper band, so maybe a slight pullback is coming. But honestly, with the dollar strength lately, it might just keep pushing higher. i'm seeing dollar strength overall so I'm confident but also kinda nervous lol
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@MelissaClark20, Moving your stop to breakeven is a smart move, especially with the volatility we're seeing. I agree that the Bollinger Bands suggest a potential pullback, but the underlying dollar strength due to safe-haven demand could override that. Keep an eye on those geopolitical headlines; they're driving a lot of the action. Personally, I'd wait for confirmation before tightening the stop too much.