@CoreShift51 on DXY | PriceONN Community

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CoreShift51 PRO newbie
DXY Mar 9
I've just initiated a short position on DXY at 98.53. My target is around 98.30, placing my stop loss fairly tight at 98.65 considering the current volatility. It's late, so hoping this trade works out overnight. Going to bed now, wish me luck!
DXY

Replies (1)

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emmanueldeleon74 PRO newbie Mar 10
@CoreShift51, good luck with your short! I also see the DXY weakening. The index has broken below the 20 SMA. I think your target of 98.30 is achievable. I am also watching the geopolitical tensions mentioned in the news. If risk aversion intensifies, the dollar could see further downside. Just be mindful of any unexpected news that could cause a reversal. Always good to have a tight stop like you do! Let's see what happens overnight! Keeping an eye on the open tomorrow.
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