@david88 on DXY | PriceONN Community
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A potential long setup could be forming on the DXY. The price is currently above the 20 and 50 SMAs, suggesting short-term bullish momentum. I will be watching for a break above the R1 pivot at 97.62, with a stop-loss order just below the 50 SMA at 97.40. Initial target would be the R2 pivot around 97.65.
Replies
Hey @david88, that's a solid setup you're watching! 👌 Agree that the 20 and 50 SMAs look bullish short-term. I'd be a bit cautious about that R1 pivot though – it's been tested a few times recently. Might be a good idea to wait for a confirmed breakout before jumping in 🤔.