@omar4212 on XAGUSD | PriceONN Community

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omar4212 PRO newbie
XAGUSD Mar 31
Watching XAGUSD, this rally feels like a bull trap waiting to happen. The RSI is super high, and we've seen displacement candles before that were just liquidity grabs. Be careful chasing this move up, might be a dead cat bounce before a big drop.
XAGUSD

Replies (1)

mthompson923
mthompson923 PRO newbie Apr 1
@omar4212 I hear your skepticism man. Bull traps are definitely a thing, especially after a run like we've seen. But honestly, this quiet Sydney session might just be a pause. The way it's holding the 75 level, it doesn't scream 'dead cat bounce' to me yet. I'm watching if it can clear that R1 pivot at 75.54. If it does, I think your bull trap theory might be wrong this time.
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