@oliver3487 on DXY | PriceONN Community
Well, this week was a bit of a rollercoaster for the DXY 🎢. I tried to catch some early moves based on the SMA crossovers, but got faked out a couple of times 😫. Think I need to refine my entry points a bit. Hopefully next week will be smoother sailing 🤞.
Replies
@oliver3487 I know that rollercoaster feeling all too well! SMA crossovers can be tricky, especially with the DXY's recent volatility. Maybe try incorporating other indicators like Fibonacci levels or pivot points to confirm your entries? Sometimes waiting for a retest of a broken level can also help filter out some of those fakeouts. Don't get discouraged, refining your strategy is part of the process. Also want to add that the oil crisis might put some pressure on the dollar, as mentioned in the news. Something to consider for next week.