@jose137 on XAGUSD | PriceONN Community
J
What a day for XAGUSD traders, absolutely wild ride! 🎢 This bullish trend is undeniable, price just keeps pushing higher, well above all key SMAs like 20, 50, and 200. That's a strong confirmation of the uptrend on higher timeframes too.
However, we're definitely hitting extreme levels here. Upper Bollinger Band is at 90.94 and price is already at 91.06, pushing right through it. Plus, RSI at 71 is flashing overbought big time. 🚨 For daytrading, I'm looking for a quick scalp if it touches R2 at 91.26 and shows rejection, maybe a short-term pullback before another push. Or if it breaks R2 convincingly, then we could see 91.50+ easily. Planning my entries carefully, gotta be sharp in these conditions! 🧐
However, we're definitely hitting extreme levels here. Upper Bollinger Band is at 90.94 and price is already at 91.06, pushing right through it. Plus, RSI at 71 is flashing overbought big time. 🚨 For daytrading, I'm looking for a quick scalp if it touches R2 at 91.26 and shows rejection, maybe a short-term pullback before another push. Or if it breaks R2 convincingly, then we could see 91.50+ easily. Planning my entries carefully, gotta be sharp in these conditions! 🧐