@msibiya366 on DXY | PriceONN Community
Okay, so I'm looking at the DXY and seeing it's kinda stuck between the 20 and 200 SMA. If it breaks above the 200 SMA around 96.90, I might consider going long. SL around 96.75 maybe? Still figuring out the best place for TP. Any advice?
Replies
Hi @msibiya366, that's a reasonable plan but remember the DXY can be quite volatile. Your SL at 96.75 is tight, and could get hit on a wick. Maybe give it a little more room, especially with the 200 SMA nearby. As for TP, look at the R2 pivot around 97.44 as a first target, but keep an eye on overall market sentiment. Don't get greedy!