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Weekend position management can be tricky. Given the DXY's SMA200 sitting around 98, I've tightened my stop loss just in case there's some unexpected volatility. Better to protect profits than get caught off guard on Monday's open. See you all on Monday, hopefully with some good news!
@DevMurthy87 I agree, weekend position management is crucial. I also tightened my SL on my gold position (opposite trade of dxy). That 98 level is a strong psychological level, but SMA200 is solid support. If DXY breaks below that, we might see some serious dollar weakness. I'm a bit concerned about that potential dead cat bounce though. Seen it happen too many times before. I'm also watching RSI...if it goes oversold on the D1, it could be a good buy opportunity. Better safe than sorry, right?
