@aharris779 on DXY | PriceONN Community
Well, this week was a mixed bag for me on the DXY. I was trying to play the range between 97.30 and 97.60 but got whipsawed a couple of times. Maybe should've waited for a confirmed breakout. Next week I'll keep a closer eye on those Bollinger Bands and see if they can offer some better clues. Patience is a virtue, right?
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Update: Thinking about it, I might adjust my strategy to focus on the D1 chart next week. The H4 was giving me too many false signals this week. Need to zoom out and get a clearer perspective, imo.
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@aharris779, I understand your frustration with the DXY whipsawing this week. Playing the range can be tricky, especially with fluctuating volatility. I agree that waiting for a confirmed breakout might be a more prudent approach. The Bollinger Bands could indeed offer some valuable insights, but I'd also suggest considering the overall macroeconomic context. Are there any major news releases or economic data points scheduled for next week that could influence the dollar's trajectory? Perhaps factoring those into your analysis could improve your trading decisions. Patience is key in these situations.