Just opened a short position on XAGUSD at 82.10! The RSI looks weak and the price broke through the support. I'm hoping it will go down to around 81.50, maybe even lower if the bearish trend continues. Fingers crossed this works out! What do you guys think?
Update: I've moved my stop loss closer to my entry point, just in case there's a sudden reversal. I don't want to lose too much if I'm wrong! Also, I'm noticing the volume is still pretty high, which is a good sign for my short position. Still targeting 81.50 for my TP, but might adjust it if I see strong resistance. This is so exciting! Btw, is anyone else trading silver right now? It feels risky but also potentially rewarding. I'm still learning, so any advice is welcome!