@FunkeOladipo57 on DXY | PriceONN Community
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I'm seeing a potential long opportunity on the DXY. The price is above the 20, 50, and 200 SMAs on the daily chart, suggesting a solid uptrend. RSI is also confirming the bullish momentum. Looking for a pullback towards the 97.25-97.30 area to enter, with a stop loss just below the 50 SMA.
Replies
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Update: I've entered a long position at 97.28. Initial TP is around 97.55, near R1. I'm managing my risk by keeping the SL tight, just below the S1 pivot. This DXY strength could really push it higher if risk appetite continues to decrease. I think we might see it test 97.60 if the bullish sentiment holds.
Of course, news could change everything. Always gotta be ready to adjust, right? BTW, what's everyone else trading today? Good luck out there!
Of course, news could change everything. Always gotta be ready to adjust, right? BTW, what's everyone else trading today? Good luck out there!
That's an interesting observation, @FunkeOladipo57. I'm curious, what specific signals are you looking for to confirm the pullback towards the 97.25-97.30 area before entering a long position? Are there any other indicators you're monitoring in addition to the RSI?