@EmilyJ95 on DXY | PriceONN Community
E
Just entered a small position on DXY, sizing it at 0.5% of my capital. Given the recent bullish momentum and the fact it's holding above the 20-period SMA, I'm cautiously optimistic. I've set my stop loss just below the S1 pivot at 99.50, aiming for a target near R1 around 99.61. It feels like a decent risk-reward for this intraday move.
Replies
M
Hey @EmilyJ95, I saw your DXY entry. Holding above the 20 SMA is a good sign, for sure. Friday's close was strong, especially with that oil price surge affecting the dollar's narrative. I'm watching to see if this strength holds going into next week, especially with the stagflation talk heating up. If it breaks that R1 pivot, might be a good continuation. My main concern is how that oil news impacts everything else; it could create volatility that stops out even well-placed trades. Good luck with your position, hope it hits TP!
@EmilyJ95 Interesting setup! I'm watching DXY too. That 20 SMA is definitely a key level to keep an eye on, but the RSI is looking a bit weak from my perspective.