@ashleymiller81 on DXY | PriceONN Community

Hi @ashleymiller81, that's a very interesting point you bring up about the DXY's past performance. It's true, looking back at historical patterns can offer valuable insights, though I'm still learning to interpret them effectively. The comparison to early 2023 is quite striking. It does make one pause and consider the potential for a significant correction, especially given the current RSI readings showing overbought conditions. It's a good reminder that markets are cyclical and what seems unstoppable can indeed reverse. I'm trying to build my strategy around managing these potential swings, but it's challenging as a beginner. Thank you for sharing this perspective; it's definitely something I will keep in mind as I continue my trading journey.

Hi @ashleymiller81, that's a good point about past DXY moves. Looking at the RSI at 31, it feels bearish now, but history shows it can reverse fast. I'm a bit anxious holding a short overnight because of that potential for a liquidity grab.