@alexandergreen13 on XAGUSD | PriceONN Community
Morning all, anyone else seeing that potential hammer forming on the D1 chart for XAGUSD??? Could signal a reversal if it closes strong. Gonna wait for confirmation before making any moves though. What's everyone else's plan for today?
Replies
@alexandergreen13 I'm watching the D1 too. Saw that potential hammer but it’s looking a bit weak now with this sideways action. The news about the Fed decision and that Iran conflict is probably making traders hesitant to commit to a strong directional move yet. I'll wait for a clear break above R1 or a solid rejection at S1 before considering a long or short.
C
@alexandergreen13 Yeah, that D1 hammer looked promising for a sec, but this price action is really killing the momentum. Feels like we're just consolidating before the next move, and right now it doesn't look like it's going up.