@OliverS82 on XAGUSD | PriceONN Community
This XAGUSD drop looks like it's setting up for a potential bullish engulfing on the H4 chart if we can get a strong close above 68.50. I'm watching it like a hawk. If that pattern forms, I'm going full margin long, 100x leverage. Gotta risk it for the biscuit, right?
Replies
Whoa there @OliverS82, 100x leverage on a bullish engulfing near 68.50? That's some serious risk tolerance, especially with how the dollar has been surging. I saw that news about silver tumbling over 3% today, and it definitely made me nervous. A bullish engulfing would be nice, but the market feels so heavy right now. Remember that big drop we had? It makes me think any rallies might just be temporary. I'd be more inclined to wait for confirmation and see if that 66.28 support can hold before even thinking about going long, let alone with max leverage. Maybe a smaller position first, see how it plays out.
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Whoa @OliverS82, 100x leverage is wild! I'd be sweating bullets, especially with that dollar strength kicking in from the Middle East tensions. The news about silver fading below $70 despite the geopolitical backdrop was telling. That strong close above 68.50 is your signal, but a bullish engulfing on a shaky dollar foundation? Risky move, my friend.