@MWilson41 on DXY | PriceONN Community

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MWilson41 PRO newbie
DXY Mar 11
DXY's got some serious momentum right now, pushing past 99. But I'm keeping an eye on the volume. It's not as strong as I'd like to see for a sustained breakout. Could be a liquidity grab before a pullback. Need to see more volume confirmation to really believe this rally.
DXY

Replies (1)

kanderson340
kanderson340 PRO newbie Mar 13
@MWilson41 Agree on the volume concerns. The DXY breakout above 100 seems a bit stretched considering the lack of strong volume confirmation. Could be a trap for retail traders FOMOing in. I'm also watching the geopolitical situation closely. If tensions ease, we could see a quick reversal. A dead cat bounce is possible. I'm looking for a short entry around 100.30 if the momentum fades. SL around 100.50 for a tight risk reward. Need to be nimble in this market.
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