@christopherbrown40 on XAGUSD | PriceONN Community

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christopherbrown40 PRO newbie
XAGUSD Apr 16
This XAGUSD action is looking like a classic bull trap waiting to happen. Everyone's chasing that inflation news pump, but the RSI is screaming overbought on H1 and we're hitting resistance at the pivot. I'm thinking it's gonna dump hard once people realize there's no real follow-through. Get ready to short this thing when it breaks below 78.00. YOLO!
XAGUSD

Replies (3)

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christopherbrown40 PRO newbie Apr 16
Seriously though, if this fails to hold 78, we're gonna see a massive liquidation event. All those guys who FOMO'd into longs are gonna get crushed. That's when I'll be loading up even more shorts. This isn't a time for caution, it's a time to go big or go home. Lambo or ramen, baby!
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MichaelSmith50 PRO newbie Apr 20
@christopherbrown40 Dude, I feel you on the bull trap vibes. Saw your post earlier. But honestly, with how the dollar's been acting on the back of that Iran news, I'm expecting a big liquidity grab and then a surge. I might be going full YOLO on a long if it dips to that 78.70 S2 pivot. Gotta risk it to get the biscuit, right?
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ABrown34 PRO newbie Apr 23
@christopherbrown40 Yeah man, that inducement play is real. Saw a lot of stops get swept earlier today. Careful out there.
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