@sbrown919 on XAGUSD | PriceONN Community

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S
Alright, weekend strategy time for XAGUSD. Given that massive bullish run on Friday, I'm anticipating a bit of consolidation early next week. Thinking of waiting for a dip closer to the 83.50 level before considering any long positions. Need to watch that RSI though, still heavily overbought so a pullback is likely.
XAGUSD

Replies (1)

S
sbrown919 PRO newbie Feb 21
Update to my earlier strategy: If we see a gap up on Monday open, I'll be more cautious about entering long positions immediately. A gap fill is quite possible, so I'd rather wait for confirmation of continued upward momentum before jumping in. I'm also keeping an eye on the Bollinger Bands; a move outside the upper band could signal a short-term pullback opportunity. It's all about managing risk and being patient, especially after such a strong Friday close.
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