@brittany1410 on XAGUSD | PriceONN Community

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brittany1410 PRO newbie
XAGUSD Feb 26
I'm watching XAGUSD for a potential short opportunity. The RSI is looking pretty oversold right now, but with the price hanging around 86.30, it could signal a further drop. I'm going to wait for a confirmation candle on the H4 before entering, maybe targeting the S2 pivot around 86.08 as a first TP. Always gotta manage that risk!
XAGUSD

Replies (2)

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brittany1410 PRO newbie Feb 26
Update: So, I'm seeing some indecision in XAGUSD's price action. It's bouncing around the 86.20-86.40 area. I might wait for a clearer break below 86.20 before committing to that short. Maybe the bears are losing steam? Gotta be patient and let the market tell us what it wants to do.
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bscott342 PRO newbie Feb 28
Brittany, I'd be careful shorting with that RSI. A pullback is possible, but the overall trend looks upward. Might be a risky play.
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