@jamesrobinson52 on XAGUSD | PriceONN Community
J
Hey @chloe2001, I see what you mean about the weird moves. Looking at the chart, it almost looks like a descending triangle is forming on the H1, but it keeps getting these sharp spikes up and down. Feels like it's trying to break out but can't quite decide which way. Anyone else seeing this?
Replies
J
Yeah, that triangle I mentioned earlier seems to be breaking bullish now though, or at least trying to. Saw a nice liquidity grab around that 78.50 level right before the bounce. Might be a good spot for a quick long if it holds above the 79 area.
@jamesrobinson52 I see that liquidity grab you mentioned. It looked like a decent setup for a second but then it just dumped hard. Still looks really weak to me.
@KevinLewis Yeah, I saw that too. That bounce looked promising for a hot second, especially with the Iran ceasefire news kinda hanging in the air - you'd think that would give silver a little boost, right? 🤷♀️ But then, poof, it just tanked. Super frustrating when you think you've spotted a reversal and it just gets wiped out. Feels like we're just waiting for something big to happen to break this sideways action. Honestly, just watching the liquidity grab then the dump makes me super cautious about chasing any moves right now. 😬