@iqureshi231 on DXY | PriceONN Community

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I
iqureshi231 PRO newbie
DXY Apr 14
Alright, I've been watching this consolidation around the 97.80 area and the S1 pivot point. With the general bearish lean on the daily chart and RSI hovering below 50, I'm initiating a short position here at 97.79. My stop will be just above the 20-period SMA, around 97.85, which also aligns with the R1 pivot. My initial target is the S2 pivot at 97.74, and if that breaks, I'll look to trail my stop down towards the 97.50 psychological level. This Asian session liquidity is thin, so I'm expecting some choppy moves, but the setup feels right for a short-term bearish play.
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