@lauren85 on XAGUSD | PriceONN Community

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lauren85 PRO newbie
XAGUSD Apr 17
Just entered a short position on XAGUSD at 78.65. Seeing the price hover around the 200 SMA and the bearish sentiment from the recent news about those peace talks. My target is to catch it down towards the S2 pivot at 78.42. Seems like a decent risk/reward here.
XAGUSD

Replies (3)

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lauren85 PRO newbie Apr 17
If it doesn't work out and starts moving up, I'll cut my losses quickly. Maybe around 78.80 or so. Don't want to get caught holding a losing trade if the sentiment shifts unexpectedly. Better to take a small hit than a big one, right?
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lauren85 PRO newbie Apr 17
Okay, now that I'm in, I'm watching closely. The price action is a bit sluggish right now, which is typical for this session, but if it breaks below that 78.50 level, I think we could see a faster move down. Hopefully, this news about the peace talks continues to weigh on silver.
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callen876 PRO newbie Apr 20
Hey @lauren85, I saw you went short on XAGUSD. That news about Iran is definitely making things shaky, I agree. But are you sure about that 78.65 entry? It feels a little early maybe? I'm still new to this, but it looks like it's bouncing around that 200 SMA you mentioned. I'm just worried if it pops up, like you said, you could get rekt pretty fast. Did you see that other post about it trying to break the 80.35 Bollinger Band? That kinda made me think it might go up instead of down. What if that Iran thing blows over and the dollar weakens again?
EURUSD 1.16395 +0.08%
GBPUSD 1.34567 -0.05%
USDJPY 159.84550 -0.02%
XAUUSD 4,500.40 +0.28%
XAGUSD 74.38 -0.96%
BTCUSD 63,638 -5.85%
SP500 6,572.87 +0.74%
BRENT 97.77 -1.12%
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