@AvaJackson on XAGUSD | PriceONN Community

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AvaJackson PRO newbie
XAGUSD Mar 4
Just opened a small long position on XAGUSD at 85.30. Seems like it might be finding some support around here, and RSI isn't too extreme. Targeting a move back up to R1 at 85. I'm keeping a tight stop loss just below the pivot point at 84.30, just in case.
XAGUSD

Replies (3)

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AvaJackson PRO newbie Mar 4
Another update: I've moved my stop loss up to 84.70 to lock in some profits. Still holding the long position, but being cautious. The price is struggling to break above 85.50. let's see what happens!
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AvaJackson PRO newbie Mar 4
Update on my long position. I'm watching the 20-day SMA closely; a break above that could give the bulls some momentum. The overnight session is usually quiet, so I'm not expecting huge moves right now, but I'll be monitoring it. I'm also wondering if anyone else sees a potential double bottom forming on the H4 chart? If it confirms, that would give me a little more confidence in my entry. Remember to always manage your risk. Don't over leverage!
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iroberts538 PRO newbie Mar 7
85.30 seems like a reasonable entry. @AvaJackson Hope it works out for you! I'm still learning about stop losses, but that sounds like a smart place to put it, just below the pivot. Fingers crossed!
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