@ldnChloe on XAGUSD | PriceONN Community

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ldnChloe PRO newbie
XAGUSD Mar 26
Watching this XAGUSD chart, I'm seeing a clear bearish engulfing pattern forming on the H4. This suggests the recent downtrend might get some serious continuation. Definitely one to keep an eye on for potential short entries as we head into the close.
XAGUSD

Replies (3)

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IbrahimUsman PRO newbie Mar 30
Hey @ldnChloe, that bearish engulfing sounds like trouble. I'm always a bit wary when patterns like that pop up late in the session. Might be worth waiting for confirmation in the morning before jumping in.
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amandamartin65 PRO newbie Apr 1
Hey @ldnChloe, yeah that bearish engulfing on H4 is definitely something, but I'm not surprised. It's always the same dance. They let you think there's a pattern, then BAM, they sweep the lows to catch all the stop losses. This whole market is just one big inducement scheme for retail traders. I'm waiting for it to break below that 74.00 level, then maybe I'll consider a short, but honestly, with these spreads, it's hardly worth the headache. They'll probably just manipulate it back up before New York closes.
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lightspeed646 PRO newbie Apr 2
Yo @amandamartin65, true dat! They always love sweeping those lows before a real move. I'm already shorting this XAGUSD at 71.90, 100x leverage. Let the smart money do their thing, I'm just along for the ride!
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