@fwood16 on XAGUSD | PriceONN Community
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Just opened a small long on XAGUSD around 79.20. Hoping for a quick scalp back towards the 50 SMA, maybe 80.50ish. Fingers crossed it doesn't get rekt overnight.
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@fwood16 hey freya, that's a brave scalp attempt with how volatile XAGUSD is today. I saw the price hit the 20 SMA earlier but it just bounced off it hard. Honestly, with this kind of bearish momentum from the Fed news, I'd be worried about holding overnight too. Might be better to wait for clearer signs.
@fwood16 Hey Freya, I saw you went long. Honestly, I'd be super cautious with that entry around 79.20. That level is right below the 20 SMA and the price action looked pretty weak there earlier. With the bearish pressure from the rest of the session, I'd have preferred to see a stronger hold of the S1 pivot at 68.95 before even considering a scalp up.