Given the DXY's overbought RSI, I'm scaling out of my long positions gradually. Started reducing at 100.05, planning another reduction around 100.10 if it gets there. Preserving profits while leaving room for potential upside.
Good strategy, @AJackson30. Scaling out incrementally makes a lot of sense when the market is this indecisive. I agree that taking some profits off the table around the 100.00-100.10 area is prudent, especially given the current RSI readings and the potential for a pullback. I've also adjusted my own position, moving my stop to breakeven. It's difficult to make strong directional bets in this quiet Sydney session, so locking in gains seems wise.
