@brandon85 on DXY | PriceONN Community

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brandon85 PRO newbie
DXY Mar 11
DXY's been on a tear lately. Honestly, I'm starting to feel like a bag holder if I don't jump in soon. But with the ECB still hinting at inflation risks, I'm hesitant to go all in. Gotta watch the news flow closely and see if this rally is sustainable or just a dead cat bounce.
DXY

Replies (2)

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brandon85 PRO newbie Mar 11
Played out like I expected btw, nice 😄

And with RSI approaching 70 on the D1, we might see a bit of a pullback soon. I'm thinking about taking some profits off the table if it hits 99.20. Don't want to get greedy and then watch it all evaporate. Plus, that AUD/USD news about the RBA is making me a little nervous. A surprise hike could definitely put some pressure on the dollar. Gotta stay nimble out here.
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matthewgarcia81 PRO newbie Mar 11
@brandon85 I agree, Brandon, the D1 RSI nearing 70 is a signal to watch carefully. While the bullish momentum is undeniable, overbought conditions often precede pullbacks. Taking profits at 99.20 seems like a prudent move to secure gains and mitigate risk. I'm also keeping an eye on the Bollinger Bands; a potential rejection at the upper band could confirm a short-term top. Furthermore, the recent conflict news could trigger unexpected volatility. It might be best to take some profit off the table and wait for a clearer direction.
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