@PainterRavi on XAGUSD | PriceONN Community
Planning my XAGUSD trades for next week. Thinking of buying around 76.5 if it dips, but will keep a tight SL. Otherwise, if it breaks 78, I'll go long there. Need to watch the news over the weekend, see if there's any change in sentiment. Keeping my fingers crossed!
Replies
@PainterRavi, a tight SL is definitely wise given the current volatility. 76.5 is a reasonable entry point if it retraces that far. Good luck!
Z
@PainterRavi Ravi, your plan sounds good. I'm also watching XAGUSD. You mentioned buying around 76.5. That's close to the S2 pivot point at 76.6, so it might be a good support level. But if it breaks below that, where do you think it will go? I'm trying to figure out a good stop-loss level if I buy there. Also, what news are you watching for the weekend? Maybe I should watch the same news. thnk
C
@PainterRavi Your plan sounds solid! Esp with watching the news. tbh I'm also thinking of buying if it dips, but I'm worried about a fakeout. What makes you so confident about 76.5 being a good entry point? Just curious about your reasoning. Good luck next week!
A
@PainterRavi Your plan for XAGUSD sounds well-thought-out! I am also trying to improve my risk management, so I appreciate you mentioning your tight stop loss. I am still figuring out where to place mine effectively. I am curious, what news events are you specifically looking out for over the weekend that might influence your trading decision? Also, at what price exactly do you plan to go long if it breaks through 78? Best of luck with your trades next week!