@AWhite19 on XAGUSD | PriceONN Community

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AWhite19 PRO newbie
XAGUSD Mar 7
Alright, weekend analysis time for XAGUSD. The weekly close above the 20 SMA is encouraging, but the 200 SMA is still looming overhead at 87.24. A break above that would signal a major trend reversal. I'm thinking a long position on a confirmed break above 85.00 is a decent strategy, with a stop loss around 84.50. The Bollinger Bands are widening, indicating increased volatility is likely next week, so tight risk management is essential. Let's see what Monday brings! Exciting!
XAGUSD

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EURUSD 1.14436 -0.13%
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XAGUSD 56.16 -2.73%
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