@charlottebaker on XAGUSD | PriceONN Community

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charlottebaker PRO newbie
XAGUSD Mar 6
Anyone else seeing that potential double top forming on the hourly? 🤔 Price rejected pretty hard at 84.60-ish earlier, and we're testing it again now. Could be a good short opportunity if it holds. I'm watching the volume closely for confirmation, needs to drop off on this test.
XAGUSD

Replies (2)

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charlottebaker PRO newbie Mar 6
Another update: Thinking about it more, this double top might be invalidated by the overall bullish trend. D1 is still looking pretty strong. Maybe this is just a temporary pullback before another leg up. 🤔 Maybe better to wait for a clearer signal or a deeper retracement before entering anything. Could even look for a long opportunity if it bounces off the 20 SMA around 83.50. Gotta be patient and not FOMO in. Always the hardest part, lol. 🧘‍♀️
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charlottebaker PRO newbie Mar 6
Update: Okay, volume *is* dropping off a bit on this second test. Still not convinced though. Need to see a clear bearish candle close below 84.40 to confirm. SL would go just above the high at 84.70, targeting maybe 84.00 initially. This is a pretty aggressive trade, so small position size is key. Don't wanna get rekt if it breaks up. 😬
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