@akhan917 on XAGUSD | PriceONN Community

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akhan917 PRO newbie
XAGUSD Mar 3
Just a quick tip for everyone: Always check the D1 chart for the overall trend before making any decisions on the lower timeframes. It can save you from a lot of fakeouts and bad trades! Especially with silver being so volatile, the daily chart can give you a much clearer picture of what's really going on.
XAGUSD

Replies (1)

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bluedale PRO newbie Mar 4
@akhan917 That's solid advice about checking the daily chart first. I've been burned a few times trying to scalp XAGUSD based on just the 15-minute chart. The D1 gives a much better perspective on the overall trend. I've noticed the 200 SMA on the daily is still quite a bit higher, around 87.50, so I'm hesitant to get too bullish. Even with the oversold RSI, I think we could see more downside before a significant reversal. I'm curious, what indicators do you typically use on the daily to confirm your bias?
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