@melissa3856 on DXY | PriceONN Community

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melissa3856
melissa3856 PRO newbie
DXY Mar 13
DXY just keeps pushing higher... RSI is screaming overbought but momentum is insane. Are we gonna break 100.50 today??? I'm thinking about a small short position if we see a pullback, but honestly, I'm scared to fight this trend lol
DXY

Replies (1)

D
dgarcia771 PRO newbie Mar 13
@melissa3856 I agree, this DXY rally is intense. That RSI is a major red flag, but the market seems to be ignoring it for now, probably due to the Iran news. I'm also hesitant to short into this strength, but a pullback is inevitable. Maybe wait for a confirmed reversal signal on the H4 chart before entering short? A break above 100.50 could invalidate any short setup though, so watch out. I think the order block above 100.50 will be a good place to short. Could see a dead cat bounce.
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