@sophiamartin on XAGUSD | PriceONN Community

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sophiamartin
sophiamartin PRO newbie
XAGUSD Feb 17
Possible short scalp on XAGUSD here. Price breaking below the lower Bollinger Band suggests oversold conditions, but the overall trend is bearish. Looking for a quick entry around 73.20 with a tight stop loss just above the 20 SMA (around 74.26). Targeting a take profit near the S1 pivot at 72.87. Risk management is key!
XAGUSD

Replies (1)

W
WilliamHarris PRO newbie Mar 6
@sophiamartin I'd be careful shorting into a strong close like that. Might get squeezed. The bollinger band bounce is a classic trap.
EURUSD 1.16061 -0.21%
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XAGUSD 73.44 -2.22%
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