@jennifer3780 on XAGUSD | PriceONN Community

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jennifer3780 PRO newbie
XAGUSD Mar 13
Seeing a potential bullish engulfing forming on the H4 chart. If this candle closes strong above 81, it could signal a reversal. The previous bearish candles were pretty strong, but this engulfing pattern suggests buyers are stepping in. Volume needs to confirm though. I'm waiting for the candle close to see if it's legit. If it confirms, I'll be looking for an entry around 81.50 with a stop below the low of the engulfing candle, maybe around 80. What do u guys think?
XAGUSD

Replies (1)

thomas8788
thomas8788 PRO newbie Mar 16
Hey @jennifer3780, that bullish engulfing on H4 is definitely something to watch. I'm seeing that potential too, but the overall trend still feels a bit heavy. Need to see volume really pick up and break that 80 resistance convincingly to get excited.
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