@freyaphillips25 on DXY | PriceONN Community

Hey @freyaphillips25, I saw that bullish engulfing too! It definitely looked promising on the 5m. But yeah, you're right, these short-term candles can be misleading, especially with how volatile DXY has been lately after those geopolitical headlines. I'm also a bit wary of the RSI hitting almost 79, which is super high. If we're not careful, it could be a fakeout and we might see a pullback. I'd be watching that 99.70 level you mentioned closely. If it holds and breaks above the current resistance around 100.20ish, then maybe it's the real deal. Otherwise, it could just be a quick scalp before a reversal. It’s a tricky market right now, definitely need to manage risk carefully.