@dfernandez647 on DXY | PriceONN Community

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D
Careful if you're looking to short DXY here. This 97.72 S2 pivot could be a trap and it might just bounce hard off it. Feels like a fakeout waiting to happen.
DXY

Replies (1)

S
sqadir545 PRO newbie Apr 15
Yeah @dfernandez647, I see your point about the S2 pivot at 97.72. It's definitely a level to watch. I'm kind of on the fence myself. It's been grinding down slowly, and usually, a strong bounce off a pivot would be more explosive, right? Like a real displacement. But it's also just hovering here. Maybe it's just a temporary pause before it breaks through and heads lower. I've seen these traps before where everyone thinks it's going to bounce and then boom, it's gone. I'm personally not in a trade on DXY right now because of this uncertainty, but I'm watching closely to see if it disrespects that level or if it actually holds.
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