Okay XAGUSD, you're looking mighty fine today! 😍 Price cruising above 90.70 and RSI is totally feeling the bullish vibes at almost 69. All my SMAs are saying 'go long, girl!' 🚀 Thinking of riding this wave up to R1, maybe even R2. Gotta keep that SL tight though, silver can be wild! 😅
So, about that XAGUSD setup... if we can hold strong above the P pivot around 90.40, I think we have a real shot at R1 at 90.61 and then potentially R2 at 90.87. The Bollinger bands are also showing price hugging the upper band, which is a good sign for strength, but also means it could be due for a tiny breather before the next leg up. My strategy is always to protect capital first, so a solid SL below the 20 SMA, maybe around 88.00, would be my comfort zone. It's like putting a seatbelt on your profits, you know? 😉 No need to be greedy, just consistent wins! What do you guys think? Is this silver bullet gonna keep flying? 🤑
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cgonzales707PROnewbieFeb 25
Update: Watching for a slight pullback to the 90.40 pivot before jumping in. Don't wanna chase it too hard! 👀 That's how you get burned lol.