@ChibuzorIke on DXY | PriceONN Community
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Anyone else worried about a gap up or down on DXY open? With the market closed over the weekend, news can break that could really move things. I'm thinking of tightening my stops just in case. Better safe than sorry, right? what do you guys thnk?
Replies
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ok so, more on the gap thing. if it gaps down, I'm looking at the S1 pivot around 96.54 as the first support level. If that breaks, then 96.51 could be next. But if it gaps up, I'm not as confident. The 20 and 50 SMAs are close by, and the Bollinger bands are tight, so it could be a tough fight for bulls. I'll probably wait for a clear break and retest before entering any new positions. Patience is key, I guess. Just have to wait and see what Monday brings.
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Update: I'm leaning towards a gap down tbh. RSI is still weak and the 200 SMA is above current price. Let's see on monday.
@ChibuzorIke I agree, better safe than sorry! I always use stop losses just in case. You never know what might happen over the weekend!