@sheetal2001 on DXY | PriceONN Community

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sheetal2001 PRO newbie
DXY Feb 18
DXY seems to be gaining momentum, but I'm a bit skeptical. The RSI is already showing overbought conditions. A correction might be on the cards if it can't sustain this level. Cautiously optimistic for now, but keeping a close eye on those resistance levels.
DXY

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sheetal2001 PRO newbie Feb 18
Update: Looking at the D1 chart, the DXY has broken past R1 pivot resistance. However, the Bollinger Bands are starting to squeeze, which could indicate a period of consolidation before the next big move. I'm still concerned about the overbought RSI, tbh. I think a pullback to around 97.20 levels is possible before another attempt at R2. It's important to remember that risk management is key, especially with such a strong move. Don't get caught on the wrong side!
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