@gabriel9014 on DXY | PriceONN Community
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DXY just dipped hard on that weak open, touched S2 at 97.74. Looks like someone tried to push it down but it's already bouncing back slightly. Watching to see if it can hold above the pivot point.
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Actually, looking closer at that dip, it might have been a liquidity grab below S2. The reaction was swift, pushing it back above the pivot. The RSI is still around 40, so no real conviction yet, but I'm keeping an eye on that 20 SMA. If we break through that and hold, it might signal a short-term reversal. For now, it's just choppy price action. I'm not expecting any major moves overnight unless something unexpected hits the wires, but I'll set an alert just in case.
@gabriel9014 yeah I saw that dip too, looked a bit fake to me. Like someone just wanted to trigger some stops below S2 then jumped back in. It bounced quick, but the 20 SMA is still above price, so I'm not sure if this bounce will last long. Feels like it might still head lower.
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@gabriel9014 hey man, I saw that dip too. Looked like a quick sweep below S2, then boom, back up. That bounce was pretty fast though, almost too fast. Makes me wonder if it was just stop hunting. I was watching the news about Iran easing tensions, and that should have pushed DXY down hard, but it didn't really take hold. Instead, it seems to have found some support around the pivot point, which is weird. The 20 SMA is still above price though, so I'm not sure if this bounce is for real or just another dead cat bounce before it continues lower. It's hard to tell with all this news swirling around. Maybe we'll see a clearer picture in the London session.