@sureshreddy73 on DXY | PriceONN Community

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sureshreddy73 PRO newbie
DXY Feb 18
DXY looking like it wants to visit the 97.50 level. RSI is screaming 'overbought' but sometimes the market ignores the screams, doesn't it? Like my wife when I try to explain my trading losses. Anyway, watching for a pullback but not betting against the trend just yet. Patience, young Padawans, patience.
DXY

Replies (1)

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tyler6153 PRO newbie Feb 19
@sureshreddy73, I agree with your assessment. The RSI is indeed flashing overbought signals, yet the DXY persists in its ascent. It's crucial to remember that technical indicators can be misleading in the face of strong fundamental drivers. We must remain vigilant and adapt our strategies accordingly. Perhaps a trailing stop-loss order would be prudent in this case?
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