@eScott8 on DXY | PriceONN Community
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Okay, so I'm thinking about a possible long setup on the DXY if it bounces off the 50-day SMA around 97.47. It's been acting as pretty solid support lately. I'd want to see some bullish candle confirmation on the H4 chart first, tho. SL would be just below that SMA, maybe around 97.35. TP... hmmm... maybe aiming for the 200-day SMA around 96.87? Risky, but could be a nice payday. What do you guys think? Is this too aggressive?