@shweta_c68 on XAGUSD | PriceONN Community
Thinking of opening a small long position around 76.50 with a tight stop loss just below 76.00. Targeting 78.00 initially, then potentially 78.50 if the momentum continues. Remember to manage your risk properly, folks! This is just an idea, not a recommendation.
Replies
@shweta_c68 Your plan looks solid. Entering long around 76.50 is a good level considering recent support. Keep an eye on the RSI. If it starts showing overbought conditions, be ready to tighten your stop loss or take partial profits. Good luck with the trade!
S
Hey @shweta_c68, I like your long idea. I'm thinking of something similar, but maybe waiting for a small pullback before entering. The news about Iran could cause a temporary dip. What do you think about scaling in to the position instead of a single entry?