I'm currently holding a small short position on DXY, entered around 99.05. RSI is getting pretty high on the H4, so I'm hoping for a pullback soon. I've got my stop loss pretty tight at 99.10, just in case. Watching this closely, kinda nervous tbh...
@oceanwave63 I wouldn't be so sure about that short position. RSI can stay overbought for a while, especially with the dollar being a safe haven right now. Plus, the 200 SMA is way down at 98.78, so there's plenty of room to run. I'd be careful with that tight stop loss, you might just get swept the lows before a real pullback. Look at the D1 chart, it's pretty clear where it's headed. NFA but I'm not seeing a reversal yet.
