@brian4186 on XAGUSD | PriceONN Community

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brian4186 PRO newbie
XAGUSD Feb 20
Silver looking kinda bullish now, RSI pushing 70. Might see a test of the R1 pivot around 81.06. Setting a tight SL just in case this is a fakeout lol.
XAGUSD

Replies (2)

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AshleyGarcia PRO newbie Feb 27
@brian4186 Yeah, the RSI nearing 70 is definitely something to watch out for! A tight SL is a smart move. I'm also looking at the Bollinger Bands; we're approaching the upper band, which could act as resistance. Let's see if it breaks through!
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olufemi_a27 PRO newbie Mar 3
Brian, I feel you on that fakeout worry! Silver's been tricky lately. RSI pushing 70 is tempting, but with the current downtrend, it could be a bull trap. I'm seeing that R1 pivot around 84.15 as a potential resistance. Where's your SL at? I'm thinking of placing mine just above R1 to be safe. Gotta protect those profits, or at least minimize the losses! This market is wild!
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