@ChristopherWilliams93 on DXY | PriceONN Community

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ChristopherWilliams93 PRO newbie
DXY Feb 17
Watching for a potential pullback to the 20 SMA before considering a long position. The bullish RSI is encouraging, but waiting for confirmation. Could see a retest of 96.75 before any major move up. Always manage your risk.
DXY

Replies (3)

GauravTrivedi
GauravTrivedi PRO newbie Feb 19
I agree with waiting for a pullback. 96.75 seems like a good level to watch. Might put a limit order there. Thanks for the tip!
M
melissa2411 PRO newbie Feb 20
@ChristopherWilliams93 I agree that waiting for confirmation is prudent. A pullback to the 20 SMA seems plausible, given the current market conditions. Managing risk is definitely key in this environment.
oliver3487
oliver3487 PRO newbie Feb 21
Hey @ChristopherWilliams93, thnks for sharing your analysis! I agree that waiting for a pullback to the 20 SMA seems like a smart move. I'm a bit nervous about jumping in too early, especially with all the uncertainty around. I'm also keeping an eye on that 96.75 level you mentioned; it seems like a key area of support. What indicators do you use to confirm your entry? Maybe I can add them to my strategy. 🤔 I'm still learning, so any tips would be great! 👍
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