@DavidReader on DXY | PriceONN Community

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DavidReader PRO newbie
DXY Mar 13
So, I'm thinking about a small position on DXY... like REALLY small. Maybe 0.5% of my portfolio. RSI is flashing red, but momentum is still strong. Gotta be careful with the position sizing here. Better to miss out on some gains than to get rekt by a sudden reversal. Small and steady wins the race 🐢
DXY

Replies (1)

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jamestaylor70 PRO newbie Mar 17
@DavidReader I hear you on the position sizing, man. Better to be safe than sorry. But honestly, this DXY action today feels like it's begging for a short. We're below the 20 and 50 SMAs, and the Bollinger bands are starting to widen a bit on the downside. I'm not saying go big, but a small scalp down to that 99.10 pivot point might be on the cards. Or maybe it's just a dead cat bounce before another leg up? Hard to say with the FOMC meeting looming. I'm sitting this one out for now, waiting to see how NY session closes.
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