@chiZara on XAGUSD | PriceONN Community

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Considering the current bullish momentum for XAGUSD, I'm analyzing potential long entries. Price is above the 20 and 50 SMA which is a positive sign. However, it's also nearing the upper Bollinger Band at 92.22. Would a retest of the 90.15 S1 pivot be a safer entry point, or is it better to wait for a break above the P pivot at 90.55
XAGUSD

Replies (1)

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chiZara PRO newbie Feb 25
update: I'm also looking at the RSI, which is at 61.1. While it's bullish, imo it's not yet in the overbought territory like above 70, so there might still be room for upward movement. My concern is if we see a rejection from the R1 pivot at 90.93. If that happens, a retracement towards the 20-day SMA at 89.24 could be likely. I'm thinking of setting an alert for a break above 90.55 (P pivot) with a target around 90.90 (R1), but I'm still trying to figure out a good SL placement for this kind of setup. Any thoughts on how to best manage risk here
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