@nycThabo95 on DXY | PriceONN Community
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Anyone else think the DXY is coiling up for a big move? The 20 and 50 SMAs are pretty tight, and we're just hovering around the 200. I'm seeing mixed signals from the RSI. What's your take on the direction it'll break? Long or short?
Replies
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update: I'm leaning towards a short position if we see a confirmed break below 96.75 with increased volume. SL around 96.90. Let's see how Monday opens.
Hi @nycThabo95, you're right, the SMAs do look tight. I am also seeing mixed signals, it is confusing tbh. I'm still learning how to read the RSI properly, but it seems high to me? I'm thinking it might go down soon, but I'm not sure. I'm trying to be cautious. What are your thoughts on where to put a stop loss if going long?