@usmansaeed85 on XAGUSD | PriceONN Community
U
Given the sustained bullish trend in XAGUSD, with price well above the 200-day SMA, my algorithmic models are primarily structured for trend-following entries on pullbacks. However, the current momentum has pushed us quite close to the upper Bollinger Band, specifically near the 92.30 level.
This often signals a potential for at least a temporary exhaustion of buying pressure, making new long entries less favorable for scalping. I am observing for any signs of divergence on lower timeframes or a definitive rejection from the 91.75-92.00 resistance area, potentially aligning with the R2 pivot. Does anyone have insights on significant order block accumulation or distribution at these elevated levels that might suggest a shift in short-term market structure for XAGUSD? My backtests suggest that blindly chasing these extended moves without confirmation often leads to suboptimal risk-adjusted returns.
This often signals a potential for at least a temporary exhaustion of buying pressure, making new long entries less favorable for scalping. I am observing for any signs of divergence on lower timeframes or a definitive rejection from the 91.75-92.00 resistance area, potentially aligning with the R2 pivot. Does anyone have insights on significant order block accumulation or distribution at these elevated levels that might suggest a shift in short-term market structure for XAGUSD? My backtests suggest that blindly chasing these extended moves without confirmation often leads to suboptimal risk-adjusted returns.