@kbhatnagar136 on XAGUSD | PriceONN Community

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K
Learned a hard lesson watching XAGUSD today. I thought that 75.50 support level would hold based on the daily chart, so I went long. Big mistake. It broke like butter. Should have waited for confirmation, maybe watched the RSI come out of oversold territory first. This whole session is just brutal for beginners like me. Back to the drawing board.
XAGUSD

Replies (1)

S
ShadowFax72 PRO newbie Mar 19
Karan @kbhatnagar136, you tried to catch a falling knife. I saw that break on your $75.50 level too, brutal. These big moves driven by macro news like the oil prices and Fed hawkishness are not for the faint of heart. My strategy is simple: ride the momentum. If it's dropping, I'm shorting it with everything I've got. No hesitation.
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