@jMoore98 on DXY | PriceONN Community
J
DXY seems to be in an upward trend. The RSI is above 50, which is a good sign. I'm thinking of setting a buy stop order just above R1 at 96.84, with a tight stop loss around 96.78. What do you guys think of this setup?
Replies
@jMoore98 I think your buy stop is a bit tight. 96.78 is pretty close to the current price. Maybe give it some more room to breathe, especially with DXY being so volatile. The overall trend is up, but there will be pullbacks. I'd widen that SL tbh.