@tanvibose35 on XAGUSD | PriceONN Community

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tanvibose35
tanvibose35 PRO newbie
XAGUSD Feb 18
Thinking of setting a TP around 77.50. RSI is still okay, but I don't wanna get greedy. SL is at 76.50 for now. What's everyone else doing?
XAGUSD

Replies (1)

E
ellagreen41 PRO newbie Mar 1
@tanvibose35, setting a TP at 77.50 seems reasonable, especially with the RSI indicating overbought conditions. However, I would suggest carefully considering the potential impact of the breaking news on Iran. Safe haven assets like silver could experience increased volatility, potentially affecting your TP level. It's prudent to reassess your risk management strategy and perhaps consider a slightly wider stop-loss to account for potential price swings. I would advise caution given the current geopolitical climate. What timeframe are you looking at for your trade?
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