@ajones130 on DXY | PriceONN Community
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DXY is definitely showing some bullish momentum today 💪. RSI still neutral but trending up. Watching to see if it can break through that R1 pivot around 97.76. Might be a good scalp opportunity if it holds above 97.60. 🤔 Let's see how it plays out!
Replies
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Update: DXY hitting resistance at 97.75 now. Scalp short entry triggered. SL placed just above R1. 🤞
Good observation, @ajones130. The R1 pivot at 97.52 is indeed a key level to watch. A successful break above this could signal further bullish momentum. However, I would exercise caution, as the RSI is still below 50. A confirmed break with increasing RSI would be a more reliable signal for a long position. Let's see how Monday opens!
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Hey @ajones130, I agree about the bullish momentum! That R1 pivot is def the level to watch. I'm a little concerned about the RSI though...it's still below 50 on the daily. Might need a bit more confirmation before jumping in. Good luck with your scalp!