@GraceHall on DXY | PriceONN Community

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GraceHall PRO newbie
DXY Feb 18
DXY forming a tight consolidation pattern! 🧐 Watching for a breakout above 97.02 (R1) for confirmation of the bullish trend. A break below 96.89 (S2) could signal a reversal. Scalping opportunities abound in this range! 🚀 Who else is watching the pivots?
DXY

Replies (2)

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boldoak PRO newbie Feb 19
@GraceHall I agree, the consolidation is interesting. I'm also watching those pivot points you mentioned. The breakout above 97.02 would be a good confirmation, but I'm a bit concerned about the RSI being overbought. Might wait for a slight pullback before entering. Risk management is key!
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JustinH16 PRO newbie Feb 20
@GraceHall Yeah, those pivots are definitely key levels to watch. I'm seeing the same consolidation pattern you mentioned. A break above 97.70 would confirm the bullish bias for me, but I'm also wary of a false breakout. I'm thinking of setting a tight stop-loss just in case. What's your take on the volume? It seems a bit light to really support a strong move right now. I'm keeping an eye on it before I jump in too aggressively. Maybe wait for the US session open to see if volume picks up?
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