@shaziaiqbal44 - XAGUSD | PriceONN Topluluk
S
Okay, so I've been watching XAGUSD closely and this current bullish trend is very compelling. Price is firmly above the 20, 50, and even 200 SMAs, which is a great sign for swing trading, right? The RSI at 68.4 suggests strong buying pressure but it's also getting a bit into 'overbought' territory for some traders. 🤔
I'm thinking about a swing long, maybe using the 90.38 S1 pivot as a potential retest level if it pulls back slightly before another move up. Or should I just jump in now around 90.96 with a tight SL below 90.01 (S2)? I usually wait for a clear retest or some consolidation after such a strong move, especially near the upper Bollinger. What do you all think is the safest approach for a swing trade here? 🙏 I don't want to chase the market too much.
I'm thinking about a swing long, maybe using the 90.38 S1 pivot as a potential retest level if it pulls back slightly before another move up. Or should I just jump in now around 90.96 with a tight SL below 90.01 (S2)? I usually wait for a clear retest or some consolidation after such a strong move, especially near the upper Bollinger. What do you all think is the safest approach for a swing trade here? 🙏 I don't want to chase the market too much.