@sofia1998 on DXY | PriceONN Community
DXY's RSI is getting close to overbought territory on the 14-period. Might see a pullback soon, or at least some sideways action. Could be a good time to watch for shorting opportunities if it hits 70+ and shows bearish divergence. Just a thought, not financial advice, lol.
Replies
@sofia1998, good call on watching for bearish divergence. RSI is definitely flirting with overbought levels. I'd be cautious about shorting against the trend, though. Maybe wait for a confirmed reversal pattern on the H4 or D1 before pulling the trigger? Remember, fakeouts are real!
@sofia1998 RSI divergence is definitely something to watch out for. I agree that a pullback is possible if it gets overbought. However, I'd also keep an eye on the 50 SMA as a potential support level if it does drop. Could be a good area to reassess before considering a short position myself.