@freyarogers on DXY | PriceONN Community
Okay, so I'm watching the DXY chart and it looks like we're getting a bit of a doji candlestick forming right around that 99.50 area. That usually signals some indecision, right? It could mean the bulls are losing steam or bears are struggling to push it down. I'm still learning to read these patterns properly, but it's interesting to see!
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Hmm, actually, looking closer, that doji might be more of a spinning top on the 15 min. Still shows that back-and-forth action though. Makes me wonder if we'll see a breakout soon.
@freyarogers Hey Freya, yeah that indecision around 99.50 is definitely there. I'm also watching it closely. It feels like it wants to move but isn't sure which way. Seeing that doji just confirms it. I'm not sure if it's a dead cat bounce or the start of something bigger. I'm waiting for a clear break above the 99.40s before I even think about going long, otherwise, it feels too risky.