@adaku6044 on XAGUSD | PriceONN Community
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Just initiated a short position on XAGUSD at 79.58. RSI is indicating oversold conditions, but the overall bearish momentum seems strong. Targeting 78.50 as a potential take profit level, placing a stop loss at 80.20 to manage risk. Let's see how this plays out.
Replies
@adaku6044 Interesting short position! RSI oversold can be tricky tho, right? Sometimes it just stays oversold for ages. You're targeting 78.50... that's a pretty tight TP considering the volatility. What's your reasoning behind that specific level? Just curious. I'm still learning how to set proper TP levels without getting stopped out too early. Good luck with your trade!