@ArjunN12 on DXY | PriceONN Community

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Hey everyone! I'm seeing a possible breakout on the DXY. It's pushing against that upper Bollinger Band around 97.4! If it can hold above that, I think we could see it run up to the R1 pivot point at 97.45 pretty quickly. I'm going long with a tight stop just below the band!
DXY

Replies (2)

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ArjunN12 PRO newbie Feb 18
Update: I'm still holding my long position. The DXY is consolidating a bit, but it's staying above the 97.4 level. I'm thinking of moving my stop up to lock in some profits. What do you guys think, should I be more aggressive with my TP?
H
hadiza5207 PRO newbie Feb 19
@ArjunN12, thank you for the insights. I agree that the DXY is exhibiting bullish signals near the upper Bollinger Band. I will look out for confirmation at the R1 pivot.
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