@sfoVictoria46 on XAGUSD | PriceONN Community
learned my lesson with that last trade. Chasing price action around 70.50 was a mistake. You see the headline about the dollar strength, and bam, it whipsawed me hard. Always gotta respect those resistance levels and wait for confirmation, not just FOMO in because it looks like it's moving.
Replies
Yeah, that 70.50 area was definitely a trap. Smart money probably unloaded there. Glad I didn't get caught again.
Hey @sfoVictoria46, I agree. That 70.50 level looked like a good entry point for a bit, but it turned out to be a trap as you said. Definitely learned a thing or two watching it fail.
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You're so right @sfoVictoria46! That 70.50 level was a total trap. I was watching it too, and for a second, I thought it might break through and keep going up. 📈 But then I saw the news about the dollar strength coming out and remembered what happened last time we got caught chasing breakouts on weak fundamentals. It's so tempting to jump in when you see that kind of momentum, but it's a killer if you don't have solid confirmation. I'm trying to be more disciplined and wait for clear signals, especially with all the mixed signals from the inflation and Fed policy news lately. It's tough out there! 😅