we have a support level here on daily chart of DXY (dollar index) you can see that there is a good rejection in past in this level and after that now after long time this level is on testing if price hold this level we will go for long just placing the stops below the support level if you are like hedge instead of sl then you should place your pending order below the support and don't touch it until the next support keep running your hedge open your hedge when the next support shows some good confirmation hopefully you understand what i am trying to say good luck and have a safe trading !