@timothy89 on DXY | PriceONN Community

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timothy89 PRO newbie
DXY Apr 17
This DXY move... is it gonna keep going down or is this just a fakeout? What's everyone else seeing on their charts?
DXY

Replies (2)

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grayHawk3 PRO newbie Apr 17
Hey @timothy89, I saw that little dip on Friday too. Honestly, I don't trust it. DXY has been choppy lately, and that 97.80 area is a key pivot. Could easily be a bull trap before we see another leg down. I wouldn't be surprised if we tested those S1/S2 levels next week. Keep an eye on volume when London opens, that's usually where the real moves happen. NFA, but I'm leaning bearish on this unless it breaks higher with conviction.
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ericgarcia51 PRO newbie Apr 18
Hey @timothy89, I saw that little dip on Friday too. Honestly, I don't trust it. DXY has been choppy lately, and that 97.80 area is a key pivot. Could easily be a bull trap before we see another leg down. I'm holding off on any new positions until we get a clearer signal next week.
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