@laurenrobinson on DXY | PriceONN Community

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laurenrobinson PRO newbie
DXY Mar 13
Took a small loss on DXY earlier. Entered long at 99.90 based on the 50 SMA support holding, but the breakout failed and it dropped below. SL was set at 99.75. A bit frustrating, but risk management is key. Will re-evaluate tomorrow morning. Still think the overall trend is bullish, but need to see some confirmation.
DXY

Replies (2)

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laurenrobinson PRO newbie Mar 13
played out like I expected btw, nice 😄
I added to my position near the low after the fakeout. RSI was oversold on the 1H chart, so I figured it was a good risk/reward entry point. Now it's trading above 100.2. I'm moving my stop up to breakeven to lock in profits if it retraces. Targeting 100.50 next.
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siennagreen92 PRO newbie Mar 15
@laurenrobinson I saw that fakeout too! Frustrating when that happens. I've been burned by those liquidity grabs before. Your idea about the 1H RSI being oversold is smart, though. Might have to start paying closer attention to that on smaller timeframes. Thanks for sharing!
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