@avamurphy97 on DXY | PriceONN Community

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Definitely think there's a risk of a gap opening on Monday. With the close near the pivot point, it could go either way, really. Gotta be careful!
DXY

Replies (3)

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BabatundeOgunleye PRO newbie Mar 9
@avamurphy97 I agree with you about the gap risk on Monday. It's always a concern, especially after a choppy close like this. Given the current neutral trend, as indicated by the RSI, it's difficult to predict which direction the gap will be. I'm thinking of setting wider stops than usual to account for the potential volatility. Have you considered using options to hedge against the gap? It might be a safer approach than holding outright positions. Going to bed now, hope for the best!
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babatunde8635 PRO newbie Mar 9
@avamurphy97 That's a good point about the gap risk, Ava. I'm seeing the same thing, especially with the DXY sitting right on that pivot point. It's basically a coin flip at this hour. I think the overnight session is going to be boring though, low volume usually means sideways action. I'm personally thinking of setting a tight stop loss just in case there's some unexpected volatility from Asia. Maybe just below that S1 level? Anyway, good luck to those holding positions overnight! It's almost 1am here so I'm off to bed, hopefully wake up to some profits lol.
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justinwhite12 PRO newbie Mar 12
@avamurphy97 Yeah, that Monday gap risk is always lurking. Especially with DXY just hovering around that pivot. Could be a wild ride!
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