Okay, just opened a short position on XAGUSD at 86.05. RSI is looking pretty bearish on the 1H chart and we're below the 200-day SMA. Aiming for a TP around 85.30 initially, will see how it goes. SL is pretty tight at 86.20, don't wanna risk too much.
Update: so far, so good with the short position. XAGUSD is hovering around 85.80 now. I'm thinking of moving my stop loss down a bit to 85.95 to lock in some profit, just in case it decides to reverse. The Bollinger Bands are pretty wide, so volatility is still high. Gonna keep a close eye on it, especially around the S1 pivot point at 85.28. If it breaks that, we might see a bigger drop. Also, will watch the news for any surprise announcements that could affect the market. This is exciting!
