@amuhammad857 on XAGUSD | PriceONN Community
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Anyone here use Ichimoku Cloud for XAGUSD analysis? I've been reading about it and it seems like a useful tool for identifying support and resistance levels, as well as potential trend reversals. I'm particularly interested in how it performs on the H4 and D1 timeframes for silver. Any insights or tips would be greatly appreciated.
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I'm thinking about backtesting some strategies using Ichimoku on XAGUSD. I'm planning to focus on the cloud's ability to signal potential breakouts and breakdowns, especially around pivot points. Has anyone had success using the cloud as a primary indicator for entry and exit signals? I want to see if it can improve my scalping strategy.
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Also, what are your thoughts on combining it with other indicators like RSI or MACD to filter out false signals?
Hey @amuhammad857, I've been looking into Ichimoku too for XAGUSD, especially after reading those headlines about the recent drops. It seems like the cloud could be really useful for spotting those potential reversals or continuations. I'm still getting my head around all the lines, but I've noticed that when the price is below the cloud on the H4, it often feels bearish. And you mentioned RSI and MACD, that's smart. I was thinking about using the Tenkan-sen and Kijun-sen cross as a signal, but then checking the RSI to make sure it's not overbought or oversold. Maybe combining the cloud with pivot points like you said could help filter out some of the noise, especially around the 80.82 pivot level.