@deepika4539 on XAGUSD | PriceONN Community
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For scaling out on XAGUSD, especially with this kind of volatility and bearishness, I like to use a tiered approach. If I were to enter a short position, say around 70.50 based on the bearish trend and the Fed fears, I'd set my first TP at the S1 pivot around 69.09. If that breaks, I'd move my stop loss to breakeven and aim for S2 at 68.08. For the remaining part of the position, I'd trail my stop using the H4 Bollinger Band lower boundary, which is currently around 67.15. This way, I lock in some profits early while still giving the trade room to run if the bearish momentum continues strongly. It helps manage the risk and emotions, especially when I'm feeling a bit tired and want to get some sleep! 😴🌙