@MidnightRun19 on DXY | PriceONN Community
Took a short on DXY earlier at 98.70, SL at 98.75. Got stopped out. Should have waited for more confirmation. Maybe FOMOing in was a bad idea. Asian session can be tricky.
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Played out like I expected btw, nice 😄. But hey, that's trading. On to the next one. Gotta manage that risk.
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@MidnightRun19 Asian session fakeouts are brutal, I feel your pain. Your SL was pretty tight though, only 5 pips. With DXY volatility, might need a wider stop, especially around news releases. I usually give it at least 10-15 pips, depending on the chart. Did you check the economic calendar before entering? The RBC Economics report about Canada's inflation risks might be influencing the dollar indirectly. Keep an eye on those macro factors.