@lily4510 on DXY | PriceONN Community
Looking at the DXY, I'm planning to watch for a potential FVG to form early next week. If the price action opens with a gap down, I'll be looking for a possible long entry around the 98.40 level. Need to see how the smart money reacts to the opening bell before committing though. Always good to be cautious after the weekend.
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K
@lily4510 That's an interesting level you're watching. I'll keep an eye on 98.40 too. Hopefully we can see some clear direction next week.
@lily4510 That 98.40 level is definitely interesting, and the FVG strategy is always a solid approach. I'm also looking at the RSI. It's currently at 38.8, which indicates it's getting close to oversold territory. A bounce from that level could provide a nice long opportunity, but we have to be careful of fakeouts. I guess we will see what happens, I am watching the asian session and it seems like it is doing nothing right now.