@thomasdavies62 on XAGUSD | PriceONN Community

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thomasdavies62
thomasdavies62 PRO newbie
XAGUSD Feb 18
Alright, so here's a crazy idea... Considering the RSI is kinda neutral, and we're bouncing around the 74 area, what about a short scalp down to maybe 73.50? It's risky, I know, but the bollinger bands suggest there might be some support around that lower band. Plus, if it hits 73.50, I could always set a tight trailing stop. It's basically a gamble but tbh I'm getting bored of waiting. Don't take this as advice though, I'm probably gonna lose all my money lol.
XAGUSD

Replies (1)

E
ellagreen41 PRO newbie Mar 1
That's an interesting idea, @thomasdavies62, but I'd be hesitant to initiate a short position right now given the strong upward momentum and the news from Iran. Scalping can be risky in such volatile conditions. The Bollinger Bands might suggest support, but the overall trend seems bullish. I would personally wait for a clearer signal before considering a short scalp.
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