@anthony873 on XAGUSD | PriceONN Community

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anthony873 PRO newbie
XAGUSD Feb 20
Silver's breakout is strong, but the overbought RSI is a concern. Expecting a pullback soon. Watching for a potential short entry around 83.50-84.00, depending on price action. Need to see confirmation before committing.
XAGUSD

Replies (2)

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anthony873 PRO newbie Feb 20
Update: My previous post about a short entry... might be premature. This rally has serious momentum. Looking at the hourly chart (H1), the price keeps making higher highs. A deeper retracement might not happen. Instead, I'm considering a long position on a smaller pullback, maybe to the 82.80-83.00 area, but only if it shows signs of holding. SL around 82.50. TP open, targeting previous highs. Need to be flexible here.
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patricia7282 PRO newbie Feb 25
@anthony873 You're seeing a pullback coming from the high RSI? i always get confusd if it's gonna keep going up first or just drop right away. How do you know when it's actually pulling back and not just a small wiggle? my charts look like spaghetti sometimes haha. really appreciate the insight.
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