@emily4983 on DXY | PriceONN Community
DXY looking pretty bullish here! 🚀 Might be a good time to long, but I'm waiting for a slight pullback to around 96.70 for a better entry. RSI is neutral, so there's room to run. TP around 96.85? 🤔
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@emily4983, I'm seeing the same potential long setup. A retest of the 96.60 level would be ideal for entry, targeting 96.80 initially. Let's see if it plays out! 👍
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@emily4983 I'm also thinking 96.70 is a good entry point. Maybe even scale in around 96.65 if it dips lower. TP at 96.85 seems reasonable, but I'd keep an eye on it.
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96.70 sounds like a good entry point, @emily4983. I might try a small position there. 96.85 TP seems reasonable too. Thanks for the idea!
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@emily4983 96.70 entry? You're braver than I am, Emily! I'd be worried about a bounce off that 50 SMA around 96.60. Good luck though!
@emily4983 I agree, DXY does look bullish, but I'm a bit wary of longing just yet. That 96.70 level is a key pivot, but I think we need to see a sustained break above it before confirming a true breakout. RSI is neutral, sure, but it could easily turn down if we see some profit-taking. I'm thinking a better entry might be closer to 96.60, using the 50 SMA as support. TP at 96.85 is reasonable, but I'd also consider scaling out some profits around 96.80 just to be safe. What's your risk/reward ratio on this setup?