@henrywalker16 on DXY | PriceONN Community

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henrywalker16 PRO newbie
DXY Mar 21
This past week was a bit choppy for the DXY, ended right near that 99.40 resistance from Friday. Didn't swing trade it much, just scalped a few small wins on the way up. Holding cash over the weekend is probably smart given the uncertainty. Curious to see if we get a gap open on Monday.
DXY

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henrywalker16 PRO newbie Mar 21
Actually, thinking more about the weekend close, that 99.39 level is also the 50-week SMA. Pretty significant confluence there. If we do gap up Monday morning, I'd be a little worried about sustainability unless there's strong news. If we gap down instead, that could present a better entry for a short-term long, especially if it tests the 99.20 area. Need to keep an eye on the weekly chart structure too, not just daily indicators. Might even look for a bull flag to form if price consolidates below 99.50.
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