@MohanRathore87 on DXY | PriceONN Community

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MohanRathore87
MohanRathore87 PRO newbie
DXY Feb 19
I'm new to this, but the DXY seems to be going up a bit too fast? RSI is showing overbought. Should I be worried about a pullback soon? Any thoughts from more experienced traders?
DXY

Replies (1)

I
isabellathomas PRO newbie Feb 20
Hey @MohanRathore87, welcome to the party! DXY going up fast can be scary, true. RSI being overbought doesn't always mean an immediate pullback, though. Sometimes it just means the trend is strong. But, yeah, a correction is ALWAYS possible, especially with all the uncertainty lately. Maybe watch for a bearish divergence on the RSI, or a break of a key support level as confirmation. Don't FOMO! Protect your capital and trade smart. Patience is a virtue, especially on weekends when the market is closed, haha.
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