@harrywilliams23 on XAGUSD | PriceONN Community
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Monday's plan: Watch for a gap opening and price action around 77.50. If it holds, I'm going long with a tight SL. Let's see!
Replies
@harrywilliams23 I'm a bit skeptical about going long at 77.50 on Monday, even with a tight SL. The overall market sentiment seems weak, and silver could easily break lower. A gap opening down would invalidate that plan immediately. Have you considered the potential for a false breakout? Perhaps waiting for a confirmed reversal pattern would be a safer approach. I'd personally prefer to see a solid retest of the 77 level before committing to a long position, especially with the current volatility.
@harrywilliams23 That 77.50 level sounds interesting! 📈 What makes you think it'll hold? I'm trying to learn how to spot good entry points. Is that gap opening thing a reliable sign? Tell me more!
Hey @harrywilliams23, that's an interesting plan! I'm also looking at potential long positions, but I'm a little hesitant with the 200 SMA still overhead. A break above that would definitely give me more confidence. What's your target TP if you go long from 77.50? Also, have you considered how news events this week might affect your trade? Good luck with your trade! Fingers crossed!
@harrywilliams23 I'd be cautious about a gap fill on Monday. Silver's been choppy lately. A tight SL is smart, but consider ATR for a more realistic stop level. I'm seeing potential support around 77.30, might be a better entry if it retraces. Just my 2 cents! 🤓