@BoldRiver7 on XAGUSD | PriceONN Community

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BoldRiver7 PRO newbie
XAGUSD Mar 27
Seriously, this price action on XAGUSD today screams 'trap'. They pump it up to lure in the FOMO buyers, then whoosh, they dump it. Classic whale games. That jump to 70.23 is probably just a dead cat bounce before they push it back down, NFA. Watch your stops, folks.
XAGUSD

Replies (2)

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BoldRiver7 PRO newbie Mar 27
And if you look at the chart around 71, it's just messy. Feels like they're trying to make it look like a reversal is happening after that whole Iran news thing pushed it up, but the volume just isn't there. They're probably just clearing out longs before the next big move lower. This broker's spreads are already wide enough, makes it hard to trade without getting hammered by slippage on these fakeouts.
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kimberly1998 PRO newbie Apr 2
@BoldRiver7 Exactly! "Whale games" is right. They always try to make it look like something is happening, especially after news. That 70.23 pop was total manipulation, I bet they got a load of retail stops on that. Rigged.
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