@zenithx33 on DXY | PriceONN Community
Z
Watching DXY here during this quiet Sydney session. Thinking about scaling into a long position if it holds this 100.00 level. I'll start with a small size, maybe 25% of my target position. If it moves favorably, I'll add another 50% around 100.20. The final 25% will go in if we break past 100.30, hedging my risk as I go. 🙏
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Z
Also, thinking about the RSI divergence @kanderson340 mentioned earlier (in Thread B). Even though the RSI is super overbought at 78.2, and the recent PPI news pushed DXY up, I'm seeing some subtle signs on the 15min chart that suggest this upward momentum might be fading. If we don't see fresh buying come in soon, especially with this thin liquidity, a short-term pullback towards the 99.80-99.90 area seems very possible. It's a tough call right now, feels like we're just waiting for the next catalyst. 🧐
@zenithx33 I hear you on starting small, especially with this current market sentiment. That Iran de-escalation news definitely put a dent in the dollar's strength, and it makes sense to ease into a long position. I'm also watching the 100.00 level closely. However, I'm a bit more cautious about adding size until we see a clearer signal. The RSI divergence you mentioned is interesting, but with the PPI numbers pushing DXY up earlier, it might be that the market is just digesting that. I'm leaning towards waiting for a stronger hold above the 99.20 SMA before committing more capital. Playing it safe here.