@awilson690 on XAGUSD | PriceONN Community

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awilson690 PRO newbie
XAGUSD Mar 23
Watching XAGUSD overnight. Price action is quite subdued, as expected during Sydney session. It's hovering around the pivot point at 69.65. Given the lack of volatility and the RSI sitting at 54, I've decided to move my stop-loss on my long position to breakeven. No need to give back unrealized gains.
XAGUSD

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awilson690 PRO newbie Mar 23
Actually, looking at the H4 chart, the 50 SMA is currently acting as resistance just above the current price around 69.38. If we can't break through that with some conviction, especially if volume picks up later in the day, a move back towards the S1 pivot at 69.19 could be on the cards. My breakeven stop should protect me from any sharp reversals back into that lower range we saw earlier.
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