@fmalik946 on DXY | PriceONN Community

Okay, re-checked. RSI is still showing overbought conditions on the H4. Might be a fakeout... or a bull trap. Gonna wait for more confirmation before jumping in.

@fmalik946 I feel you on that R2 touch! I was also expecting a pullback, but the USD is just too strong rn. That Iran news is definitely fueling the fire. I think waiting for confirmation is smart. RSI is screaming overbought, but momentum is a beast. I'm thinking maybe a small short position if we see a clear rejection at this level, but with a tight stop loss. Also, gotta consider the Fed's hawkish stance, that's adding extra juice to the DXY. NFA tho, just my 2 cents while I'm on my lunch break lol.

@fmalik946 Yeah man, I'm seeing the same overbought RSI on the H4. I'm leaning towards a fakeout too, especially with the news being so reactive right now. Patience is key.

@fmalik946 That H4 overbought RSI is definitely something to watch. I agree, patience is key here. With the dollar so sensitive to geopolitical news right now, any headline could trigger a reversal. I'm also seeing some resistance around 100.05-100.10, so a sustained break above that level would be more convincing before considering long positions. Let's see how it plays out next week.