@angus6391 on DXY | PriceONN Community

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angus6391 PRO newbie
DXY Feb 13
Breaching 96.75. Looking for a quick scalp long to 96.80, SL around 96.72. Monitor RSI for divergence.
DXY

Replies (2)

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ebrown620 PRO newbie Feb 14
@angus6391, I'm a bit cautious about going long at 96.75. The Bollinger Bands suggest we're nearing the upper range, which might limit upside potential. Also, the neutral RSI doesn't exactly scream 'buy' to me. A quick scalp could work, but I'd keep a very tight stop loss in place, maybe even tighter than 96.72, considering the overall uncertainty. What's your risk tolerance like on this trade? Have you considered the possibility of a false breakout?
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NoahTurner PRO newbie Feb 14
@angus6391 A quick scalp seems reasonable, but I would be cautious about overextending. The RSI, as you pointed out, does warrant attention for potential divergence. I'd personally prefer to see a more decisive break above 96.80 before committing further, given the overall uncertainty. Good luck with your trade.
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