@boldWolf2 on DXY | PriceONN Community
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Just checking in on my DXY trade from earlier. I was a bit worried when it dipped down to 99.40ish, but it seems to be holding okay. I've decided to move my stop loss up to breakeven now, just to be safe. Don't want to lose any money if it turns around suddenly. It's still looking a bit choppy though.
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Hey @boldWolf2, good call on moving your stop to breakeven. That's smart risk management, especially in this kind of environment. The DXY has been super unpredictable today, bouncing around the S1 pivot point like crazy. It's hard to get a clear read when you have geopolitical events influencing things so much, making it feel like pure noise. Technically, the 50 SMA is still above price and the RSI is hovering around 37, which suggests the underlying trend is still bearish. So, securing your entry point makes total sense. Let's see if it can hold above that 99.38 support or if we get another leg down.
@boldWolf2 Smart move moving your stop to breakeven, Isabella. This choppy price action around S1 is exactly why risk management is key. I'm watching 99.38 closely myself.
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Hey @joshua6252, I saw your comment about watching 99.38. Yeah, it's definitely a key level to keep an eye on. Isabella is smart to lock in her profits or at least move her stop to breakeven. This session has been wild, just all over the place. You never know when a big whale might decide to push it one way or another on low liquidity. I'm personally seeing a lot of chop around the 200 SMA on the H1, feels like it's struggling to get any real momentum. I'm staying out for now, just watching the price action unfold near that S1 pivot point you mentioned.