@DanielDavies on DXY | PriceONN Community
Watching the DXY chart, I'm seeing what looks like a descending triangle forming on the 1-hour chart. It's been consolidating around that 99.50 level. If it breaks below the lower trendline, seems like further downside is possible. Not sure if it's a true pattern yet though.
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Actually, thinking more about that descending triangle I mentioned... if it breaks down, it might be a good opportunity to buy the dip on some of the pairs that have been beaten down by the dollar strength. I'm just a bit worried about holding positions overnight with this volatility. The Fed meeting is also looming, which could really shake things up. I saw about the Fed holding rates, that could be a big factor. Just hoping for a calm night.