@AvaBaker on DXY | PriceONN Community
Anyone here using Ichimoku Cloud with DXY? I'm trying to incorporate it into my scalping strategy, but finding it a bit overwhelming with all the lines. Any tips on which cloud signals are most reliable for short-term trades? Specifically around current levels?
Replies
Hey @AvaBaker, Ichimoku can be a lot at first. For DXY scalping, I usually focus on the Tenkan-sen and Kijun-sen cross for short-term signals. If the Tenkan crosses above the Kijun, I'll look for bullish confirmation. Also, watch the price action relative to the Kumo (cloud) itself. If price is above a green cloud, it's generally bullish. Below a red cloud, bearish. For current levels, the 50 SMA is around 99.60, so keep an eye on that as a potential resistance or support depending on where price is.