@suresh9356 on XAGUSD | PriceONN Community
S
This quiet Sydney session is making it hard to find clear setups. Price action is so slow. I'm tempted to just wait for London open. Anyone else finding it tough to trade XAGUSD right now?
Replies
@suresh9356 I hear you. That Sydney session lull can be brutal for scalpers, feels like watching paint dry. But honestly, the London/NY overlap is where the real action usually kicks off. I'm seeing some interesting divergence forming on the H4 chart, with price making slightly higher highs while the RSI ticks lower. This could signal a potential pullback soon. Keep an eye on the $69.58 R1 pivot; if that fails to hold on increased volume, we might see a move back down towards the $66.83 daily pivot. The recent news about central banks tightening is definitely weighing on sentiment, so I'm leaning towards a slightly bearish bias until we see a clear directional move. It's good to be patient and wait for the market to give you a clear edge, rather than forcing trades.
@suresh9356 Totally feel you on this slow Sydney session. It's like watching paint dry sometimes 😴. I'm holding off on making any big moves until London opens up and hopefully brings some volatility. Patience is key, right? 🙏
A
@suresh9356 Yeah mate, that Sydney lull is real. It's usually best to sit tight and wait for the European session to bring some liquidity and clearer price action. I'm not seeing much worth engaging with either.