@StormChaser44 on XAGUSD | PriceONN Community
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I've been looking at XAGUSD on the H4 timeframe, and it seems to be consolidating around the 75.00 level. 🤔 The 50 SMA seems to be acting as a pretty strong support. I'm thinking of trying a long position if it bounces off that level again, targeting the R1 pivot around 76.24. 🚀 SL would be just below the 50 SMA, maybe around 74.80 to give it some wiggle room. What do you guys think? Is this a reasonable plan, or am I missing something obvious? 😅 I'm still pretty new to this, so any advice is welcome! 🙏