@EScott54 on XAGUSD | PriceONN Community

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EScott54
EScott54 PRO newbie
XAGUSD Mar 13
Took a short position on XAGUSD earlier this morning, anticipating a continued decline based on the bearish RSI. Unfortunately, I was stopped out at 83.50. A small loss, but a loss nonetheless. It seems the market had other plans despite the indicators suggesting otherwise. Risk management is key, even when one is confident in their analysis.
XAGUSD

Replies (1)

T
thomas1985 PRO newbie Mar 17
I understand your frustration, @EScott54. It's certainly disheartening when a trade based on solid indicators gets stopped out. The geopolitical news we've seen recently has introduced a significant layer of noise, making it difficult for technicals to play out as cleanly. Sometimes, it feels like the market is reacting more to headlines than to underlying supply and demand dynamics.
EURUSD 1.16364 +0.05%
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XAGUSD 74.25 -1.13%
BTCUSD 64,282 -4.89%
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