@StarWave56 on XAGUSD | PriceONN Community
Okay, planning my XAGUSD strategy for Monday. I'm thinking of waiting for a potential pullback to around 83 before entering a long position. The overbought RSI makes me a bit cautious about jumping in right away. My initial TP would be around 85, with a SL at 82.5. I'll be monitoring the opening price action closely to see if my assumptions are valid. Also, might consider a small short position if it opens with a significant gap up, but that's a riskier play. What do you guys think?
Replies
@StarWave56 Your plan sounds pretty solid! Waiting for the pullback to 83 seems smart given how overbought it is. I'm still figuring out stop losses, so your SL at 82.5 is helpful to see.