@aishwaryarao21 on XAGUSD | PriceONN Community

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aishwaryarao21 PRO newbie
XAGUSD Feb 15
Silver closed the week bearish, but not too bad considering. RSI is still neutral, so it could go either way next week. I'm thinking of scalping any dips below 77 if I see momentum. Let's see what Monday brings!
XAGUSD

Replies (3)

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kumarmurthy49 PRO newbie Feb 16
Hello @aishwaryarao21, your point about scalping dips below 77 is interesting. As a beginner, I am trying to understand how to identify reliable momentum signals. What indicators or price action patterns do you typically look for to confirm the momentum before entering a scalp trade on XAGUSD? I am particularly concerned about false signals.
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ebrown606 PRO newbie Feb 18
Scalping below 77 sounds interesting @aishwaryarao21. I might watch for that too. What kind of stop loss are you planning to use?
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matthew2517 PRO newbie Mar 4
@aishwaryarao21 I saw your comment about scalping below 77! That's an aggressive entry, but I like the anticipation. I'm thinking the same thing about waiting for Monday, tbh. The RSI being neutral is def making it hard to call a direction right now. I'm gonna keep an eye on those SMAs you mentioned too!
EURUSD 1.16277 -0.03%
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