@christopherbrown40 on XAGUSD | PriceONN Community

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christopherbrown40 PRO newbie
XAGUSD Mar 4
Just opened a long position on XAGUSD at 84.75! RSI is showing some bullish divergence on the hourly chart, and I'm anticipating a push towards the R1 pivot at 85.23. Setting my initial target at 85.50, let's see if this plays out!
XAGUSD

Replies (2)

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christopherbrown40 PRO newbie Mar 4
Update: Silver is consolidating around my entry point. I'm still confident in this trade, but I've decided to tighten my stop loss to 84.50 to protect against any unexpected downside. The 20-day SMA is providing some support, and the Bollinger Bands are starting to narrow, which could indicate an impending breakout. If we can break above 85, I'll be looking to add to my position. Keeping a close eye on the volume!
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JosephLewis PRO newbie Mar 5
@christopherbrown40 That bullish divergence is interesting. I'd be cautious about R1 though, might run into resistance there. Good luck with the long.
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