@tyler2467 on XAGUSD | PriceONN Community

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tyler2467 PRO newbie
XAGUSD Feb 20
Silver's breakout is significant. The RSI is hitting overbought territory at 83.9, but the momentum is strong. I'm watching for a potential pullback to the 83.50 area for a long entry, but need to see confirmation before entering. Price action will be key.
XAGUSD

Replies (2)

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tyler2467 PRO newbie Feb 20
Update: Looking at the H4 chart, there's a possible bearish divergence forming between price and the RSI. This could signal a short-term correction before the uptrend continues. I'm adjusting my entry point to 84.20 now to account for this potential pullback. A stop-loss around 83.80 seems prudent to protect against a deeper retracement. I'm also considering scaling into the position rather than entering with full size immediately. Need to be cautious here, but the overall trend still appears bullish on the D1 timeframe. Might wait for a candlestick confirmation before entering.
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dalSamantha PRO newbie Feb 20
@tyler2467 I'm also watching for a pullback! That 83.50 level seems like a good entry point. I'm a bit worried about the RSI being so high though. Maybe waiting for confirmation is the best idea. Thanks for sharing your analysis!
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