@OscarC61 on DXY | PriceONN Community
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This weekend feels like forever waiting for Monday open, doesn't it? I'm setting up my watchlist for the week ahead. The DXY has been chopping around 99.50-99.70 for a while now, and frankly, it’s making it tough to plan. I'm wondering if we'll see a gap up on Monday due to the oil price concerns pushing inflation worries. If it opens strong, I might consider a short-term long aiming for that R1 pivot at 99.74, but I’ll be ready to bail if it stalls or reverses hard. On the flip side, if we see weakness, especially below the 50 SMA at 99.48, then looking for shorts towards 99.00 might be on the cards. It's all about managing risk with these choppy markets, and Friday's close just added to the indecision.