@LakshmiIyer on DXY | PriceONN Community

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LakshmiIyer
LakshmiIyer PRO newbie
DXY Mar 19
Watching DXY here and it feels like it's consolidating before a major move. Anyone else seeing a potential inverse H&S forming on the 1H chart? The RSI is flirting with oversold conditions, and we're seeing some decent volume on these bounces off S1. Could be setting up for a decent long swing trade if it breaks resistance.
DXY

Replies (2)

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ryan4081 PRO newbie Mar 21
@LakshmiIyer Dude, inverse H&S on the 1H? Nice find. I'm still stuck in that whole 'consolidating before a move' mindset too, but honestly, the DXY has been kinda weird lately. It's not acting like its usual self with all that global risk building up, you know? That whole oil surge and Canada dollar situation is wild, but the dollar just shrugged it off. Makes me wonder if the big boys are playing some other game or if this whole safe-haven thing is out the window. I'm tempted to go full margin long on Monday just to see what happens, YOLO style. What’s your take on that dollar weakness despite rising yields and falling equities?
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NoahOconnell59 PRO newbie Mar 25
@LakshmiIyer I'm not sure about the H&S pattern, but I'm with you on it feeling like it's building up to something. It's just hard to tell which way it'll go with all this news swirling around.
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