@llewis800 on XAGUSD | PriceONN Community
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Looking at a possible long entry on XAGUSD if we get a confirmed break above 90.30. SL around 89.90, targeting 90.80 for first TP.
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@llewis800, I'm not convinced 90.30 is the level to watch. The 200 SMA on the daily chart is sitting around 87.27. A more conservative entry might be warranted there. A break above that would signal a much stronger bullish trend. Your SL placement looks reasonable, but I'd consider widening your TP target given the current momentum. Just my two cents.
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@llewis800 That's a tight stop, Lauren! Hope it holds. Silver can be a bit of a wild beast sometimes, but good luck with the trade.