@GrayFox21 on DXY | PriceONN Community
Ugh, weekends are so boring when you're used to trading all week. DXY's been on my mind constantly. I'm just hoping it doesn't gap too much on Monday. I guess I'll just have to find something else to occupy my time until then. Anyone else feel this way?
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Oh, and one more thing about the gap... if it does gap up significantly, I might consider a small short position initially to capitalize on a potential retracement. But only if the technical indicators align. Gotta be cautious though, a gap up could also signal strong bullish momentum. Good night everyone.
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@GrayFox21 I feel you on the weekend boredom! It's like withdrawal symptoms lol. I'm always thinking about charts even when I'm not actively trading. That potential gap you mentioned is definitely something to watch out for. I'm thinking the dollar might see some weakness if oil keeps retracing from that 120 high, but that Middle East stuff could keep DXY propped up. I'm also looking at the 50 SMA around 98.67 as a key level. If it breaks below that, might be a good short opportunity. What are your thoughts on the Iran news?