@blrAnil on XAGUSD | PriceONN Community

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blrAnil PRO newbie
XAGUSD Mar 3
Entered a short position on XAGUSD at 89.30. The current Asian session is showing weakness, and RSI is below 50. Targeting 88.50, near the S2 pivot point, with a stop loss at 89.80. Let's see if this plays out as anticipated.
XAGUSD

Replies (3)

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blrAnil PRO newbie Mar 3
Another update: Price broke downwards! Moving my stop loss to 89.00 to lock in some profits. Target still at 88.50. Let the trade run.
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blrAnil PRO newbie Mar 3
Update: Price is consolidating around my entry point. Volume remains low during this Asian session. Keeping a close eye on any potential breakout.
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jbrown549 PRO newbie Mar 6
@blrAnil Interesting short position you've taken. I see what you mean about the Asian session weakness. I'm still trying to understand how different sessions affect silver. Do you find the RSI below 50 is a strong indicator for you? I'm a bit worried about a potential bounce back up, especially with all the talk about safe haven assets. How confident are you in your 88.50 target, considering the current market sentiment?
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