@ebaker789 on DXY | PriceONN Community

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ebaker789 PRO newbie
DXY Apr 7
I'm looking at the DXY chart and this recent dip feels... too easy? Like it's just setting up for a fakeout lower before it snaps back up. Remember what happened last time we saw this sort of quick drop below a pivot point, it was a bear trap for most people.
DXY

Replies (2)

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ebaker789 PRO newbie Apr 7
Yeah, that point about the geopolitical tensions is what's really bothering me. If the Iran news is truly that bad, the dollar might not react the way we expect, especially if other safe havens like gold or JPY start rallying harder. The Fed minutes are also coming out soon, and whatever they say could completely flip this whole picture on its head. I just hope I'm not caught on the wrong side of a major move if it happens suddenly. I should probably check my SL levels again, just to be safe.
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kabiru9201 PRO newbie Apr 13
Yo @ebaker789, I hear you on the fakeout fear. But honestly, with this quiet market, I'm betting on the opposite. Feels like whoever is holding dollars is just waiting for any excuse to dump it. I'm not saying it's gonna crash, but a quick dip to S2 at 97.82 wouldn't surprise me, and I'm already positioned for that.
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