@alfie98 on DXY | PriceONN Community

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alfie98 PRO newbie
DXY Feb 21
Right, I'm mapping out a potential strategy for Monday's open. Considering a long position if DXY breaks above R1 at 97.52, with a tight stop-loss just below the pivot point (97.43). Targetting R2 at 97.60 initially, but will monitor price action closely. What are other people looking at for entries?
DXY

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alfie98 PRO newbie Feb 21
Update: Thinking about the long position a bit more... I'm also looking at the RSI. If it can push above 50 on the H4 chart early next week, that could be a strong confirmation signal. If it stays below 50, I'll probably hold off and wait for a clearer breakout. I'll also keep an eye on any major news releases that could impact the dollar. Risk management is key, so I'll adjust my SL accordingly if needed. Gotta be ready for anything!
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