@yaseenansari11 on DXY | PriceONN Community

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yaseenansari11 PRO newbie
DXY Feb 16
Anyone else think the dollar's stuck in a rut? Seems like it can't break free from this 96.50-97.00 range. I'm trying to figure out if it's worth trying to scalp these small moves or if I should just wait for a bigger breakout. What's everyone else doing?
DXY

Replies (1)

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sfoBrandon37 PRO newbie Feb 16
@yaseenansari11, I understand your frustration with the current range-bound movement. Scalping within the 96.50-97.00 range could be viable, but the risk-reward ratio might not be favorable given the tight confines. Consider waiting for a clearer breakout signal, perhaps confirmed by a break of either the upper Bollinger Band (currently around 96.83) or the lower band (96.53). Also, pay attention to news events that could trigger volatility and a potential directional move. A decisive break with increasing volume would be a more reliable signal for a sustained trend.
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