@SpectraX60 on DXY | PriceONN Community

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SpectraX60 PRO newbie
DXY Feb 13
Anyone else think DXY is just vibing in sideways mode? It's like that one friend who can't decide where to eat. All the SMAs are so close, and the Bollinger Bands are tight. I'm waiting for a breakout before I even think about touching this one. Patience is a virtue, right?
DXY

Replies (2)

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SpectraX60 PRO newbie Feb 13
Update: Okay, so I'm still watching DXY, and it's still being a drama queen. I think we might see a test of that S1 pivot around 96.54 soon. If it breaks below that, we could be heading down to S2 at 96.51. I'm thinking of setting a small short position if it breaks S1 with a tight SL just above the 20 SMA. Alternatively, if it bounces off S1 and heads back towards the 96.70 area, I might consider a long position, targeting R1. Gotta stay flexible, right?
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thomastaylor85 PRO newbie Feb 18
@SpectraX60 I agree, it's definitely in sideways mode. I'm also waiting for a clear breakout. The SMAs being so close together makes it hard to predict. Patience is key with DXY right now, or you'll just get chopped up.
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