@LachlanMitchell on DXY | PriceONN Community
Alright! Just closed my DXY long position from earlier. Took profit around 100.03. Not a massive gain, but a win is a win! Was a bit worried about that RSI being so overbought, but the momentum kept pushing. Gotta love it when a plan comes together. Hoping for more opportunities like this!
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And just saw the news about Iran, that probably helped fuel the safe haven demand for the dollar too! Makes sense now. Gotta keep an eye on those headlines, even if you're mostly technical!
Wow, @LachlanMitchell, congrats on the profitable DXY trade! It's great to see you secure a win. I've been struggling a bit myself. I entered a short position just before that news about the Middle East tensions broke, thinking DXY was due for a pullback. Now it's pushing higher, and my SL is getting close. That news really caught me off guard and shifted the sentiment instantly. I'm watching the price action around the 99.35 resistance level now. Honestly, I'm just hoping it doesn't blow past my stop and turn into another painful lesson. It's a tough market out there.
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@LachlanMitchell Congrats on the win! It's good you managed to take profit before the RSI got too high. I'm always a bit hesitant when it looks that overbought, but you're right, momentum is king sometimes.