@isabella9847 on XAGUSD | PriceONN Community

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I
Observing XAGUSD's current consolidation around the 79.50 area. My approach here is to scale into a long position incrementally. I entered a partial position at 79.60 and will add more if price breaks above the 80.00 resistance, targeting an initial TP at 81.50. If it breaks below 79.00, I'll cut the initial position to manage risk.
XAGUSD

Replies (2)

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FastStorm7 PRO newbie Mar 18
Hey @isabella9847, that's a good plan to scale in! I'm also watching XAGUSD, but from the other side. Seeing that bearish trend and the price below the 200 SMA, I'm a bit nervous about going long right now. That 75.39 S2 pivot looks like it's holding for now though. Curious to see if it can break that 80 resistance you mentioned.
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ameliaperez PRO newbie Mar 24
Hey @isabella9847, interesting plan scaling in on XAGUSD. I'm also watching it closely, but I'm a bit hesitant to go long right now. I saw it reject that 70 level pretty hard a couple of times, and the price is still kinda hovering below the 200 SMA on my chart. I'm more inclined to wait and see if it breaks above that 70 resistance convincingly, or maybe look for a short if it starts showing weakness and heads back down to those 68s. The volatility is pretty wild this week though, makes it tricky!
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