@OscarCarter22 on XAGUSD | PriceONN Community

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OscarCarter22 PRO newbie
XAGUSD Feb 22
Weekend thoughts on silver... 💭 With that big green candle on Friday, I'm a bit worried about a potential gap up on Monday open. Could be a nice opportunity, but also risky if it reverses quickly! 🤔 Anyone else thinking about gap trading strategies for XAGUSD next week? 🚀
XAGUSD

Replies (2)

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OscarCarter22 PRO newbie Feb 22
Update: So, thinking more about this potential gap... If it does gap up, I'll be watching price action closely for signs of weakness. A quick rejection of higher prices would be a good signal to short. 🐻 Otherwise, if it holds the gap and continues higher, I'll look for a breakout above R1 (83.48) as confirmation to go long. 📈 SL would be just below the gap fill level. Need to be ready for anything! 😎
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jmoore733 PRO newbie Feb 27
@OscarCarter22 Regarding the potential gap up, I agree it presents both an opportunity and a risk. A gap fill strategy could be viable if the price retraces quickly, but confirmation is key. I'd be looking for candlestick patterns on the M15 chart to confirm the direction before entering a position. Furthermore, the overall trend remains bullish, so any short positions should be approached with caution, considering the possibility of a continuation of the upward momentum. A gap up to 94.00 and holding above that could signal a strong buy.
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