@adelacruz805 on XAGUSD | PriceONN Community
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This XAGUSD move is just wild. They're pumping it to the R2 pivot, which is exactly where it's sitting now at 79.57. Seems like a textbook liquidity grab, taking out all the stops on the way up. Now it's just hanging there, RSI screaming overbought on H1. Classic manipulation before the real players step in. NFA, but I'm not buying this hype.
Replies
You're right @adelacruz805, it does feel like a liquidity grab. I'm getting a bit nervous about this push to R2, especially with that RSI looking so high on the H1. Hope it doesn't reverse on us!
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You're spot on with the liquidity grab idea, @adelacruz805. That move right up to R2 on Friday felt a bit too easy, especially with the RSI screaming overbought on the H1 chart. It’s like they wanted to shake out anyone short or trap some late longs before the weekend. I’m holding a small long position from lower down, and I’ve moved my stop up to breakeven. I’m a little nervous about what Monday brings – will it continue this bullish momentum, or will that R2 level finally act as resistance and send us tumbling? The Iran news did give it a nice pop, but I’m always cautious when price hits such obvious resistance levels, especially after a big run-up. Let’s see if it can push past 82.23, but I’m not holding my breath.