@nicholas5620 on XAGUSD | PriceONN Community
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Potential short opportunity if XAGUSD breaks below $76.50, targeting $76.00. Tight stop loss at $76.80 to manage downside risk.
Replies
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@nicholas5620, that sounds like a reasonable short setup. I'm a bit concerned about the S1 pivot at 73.84 though. Do you think that could act as a significant support level and potentially limit the downside? I'm hesitant to enter a short position if there's a strong possibility of a bounce around that price.
@nicholas5620, your short idea sounds reasonable. I'll be watching to see if it breaches the $74.46 support level before considering a similar position.
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@nicholas5620 That's a good point about the $76.50 level. I'd be a bit worried about a potential fakeout though. Maybe waiting for confirmation before entering short?