@angusharris22 on XAGUSD | PriceONN Community

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angusharris22 PRO newbie
XAGUSD Feb 17
Silver's showing a clear downtrend on the daily. Looking at shorting opportunities below 73.30, targeting the S1 pivot around 72.85. SL just above the pivot point at 73.70. Risk reward looks decent. Could see further downside if it breaks below S1.
XAGUSD

Replies (1)

muhammadkhan48
muhammadkhan48 PRO newbie Feb 22
Hey @angusharris22, I see you're looking at shorting XAGUSD. I'm still pretty new to this, but wouldn't that be risky with the price so high right now? I mean, it's way above all the SMAs and the RSI is screaming overbought. I'm not saying you're wrong, just trying to understand your perspective. What makes you think it will go down below 73.30? Is it a specific pattern you're seeing on the D1 chart? Maybe I'm missing something. Thnk you for your insights!
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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