@lagEmeka on DXY | PriceONN Community
Still watching this DXY range, it's pretty tight right now. My short position from 98.40 is still open, but I've adjusted the SL to break-even at 98.25. If it dips below 98.00 again, I might add more. The RSI is looking bearish, but the Bollinger bands are still quite narrow, suggesting a breakout could be coming soon. Just gotta be patient, this quiet session is killing me.
Replies
@lagEmeka Dude, you're still holding that short? I saw the news about AUD/USD potentially breaking higher, and usually that means the DXY should be tanking, right? But it's just hanging around 97.80. I'm thinking of going full margin long on this thing, forget the break-even SL, YOLO!
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Hey @lagEmeka, I hear you on watching the DXY range. Honestly, I'm a bit surprised you're still holding that short from 98.40. I saw that AUD/USD news too, and the typical reaction for me would be to expect DXY to crumble, especially with the RBA facing stagflation worries and consumer confidence tanking. But you're right, it's just kind of… hanging there around 97.80. My main concern is if this tight range is just building up pressure for a massive breakout I'm not anticipating. I'd be nervous about adding to a short here unless we see a clear break below the S1 pivot at 97.72. Maybe it's just choppy trading before the next big move.
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Hey @lagEmeka, still holding that short? I'm with @cjimenez768 on this, DXY is just hanging around like it doesn't know what to do. I saw that AUD/USD news, and normally that would mean DXY should be tanking hard, but nope. It's like the market doesn't care about the news anymore, just pure manipulation. This range is so tight, it's boring me to death. I wouldn't be surprised if it just breaks out in some random direction to catch stops.
Hey @lagEmeka, I see your point about the RSI looking bearish, but the overall price action still seems to be respecting the pivot point at 97.94. This quiet session liquidity might be contributing to the lack of strong downside momentum.