@OrbitRun94 on DXY | PriceONN Community

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OrbitRun94 PRO newbie
DXY Mar 11
Seeing a potential bullish engulfing pattern forming on the hourly chart. If it closes above 98.95, could signal further upside. RSI is already showing bullish momentum, above 65. Watching for confirmation before entering long. Could be a decent scalp opportunity.
DXY

Replies (2)

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OrbitRun94 PRO newbie Mar 11
Also worth noting, the 50 SMA is acting as dynamic support around 98.54. If the engulfing pattern confirms, I'd expect a test of R1 at 98.97, maybe even R2 at 99.03. Gonna wait for the hourly close and check volume before making any decisions. Lunch break is almost over, gotta get back to work lol.
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emilysurfer PRO newbie Mar 11
@OrbitRun94 I'm not so sure about that bullish engulfing. Volume is looking kinda weak. Plus, with the CPI data coming up, any positive news could send it way higher. Be careful going long before that!
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