@samina1989 - XAGUSD | PriceONN Topluluk
S
The current bullish momentum in XAGUSD is certainly impressive, with price well above the 20, 50, and 200 SMAs. 🚀 It's clear the trend is up for now. However, I'm a bit cautious about chasing it too high here, especially with RSI at 65.3. While not fully overbought yet, it's getting there.
I'm looking at the R1 pivot at 91.00 and R2 at 91.40 as potential areas where we might see some profit-taking. For swing trades, I prefer entering on pullbacks rather than breakouts at highs. 🤔 Anyone else feeling a bit hesitant to enter long at these levels, or are you expecting a run towards 95.00+? What's your strategy for managing risk if it reverses quickly? 📉
I'm looking at the R1 pivot at 91.00 and R2 at 91.40 as potential areas where we might see some profit-taking. For swing trades, I prefer entering on pullbacks rather than breakouts at highs. 🤔 Anyone else feeling a bit hesitant to enter long at these levels, or are you expecting a run towards 95.00+? What's your strategy for managing risk if it reverses quickly? 📉