@joshua1986 on XAGUSD | PriceONN Community

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joshua1986 PRO newbie
XAGUSD Apr 27
This XAGUSD is just chilling in the Asian session, classic boring price action. RSI's doing nothing at 55. Watching the 75.60 resistance, feels like it might bounce off there and head back down to the 75.00 psychological level. Low liquidity like this is perfect for a quick squeeze though, if smart money decides to push it. Might throw a small leverage trade on if it breaks that pivot.
XAGUSD

Replies (1)

A
arthurcarter78 PRO newbie May 1
@joshua1986 'Chilling' is one word for it. 'Rigged' is another. This XAGUSD price action is textbook manipulation, waiting for stops. That 75.60 level feels like a trap. I'd be very cautious about going short there; expect a quick spike to clear out anyone thinking the same way. See you Monday, hopefully with actual trading to do.
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