@S_White on XAGUSD | PriceONN Community
S
Alright, I'm seeing a potential swing trade setting up on XAGUSD. Price is consolidating, but the bounce off that 20-day SMA looks promising. I'm thinking a long position with a target around 79.00, playing the R2 pivot. Stop-loss just below the 20-day SMA to manage risk.
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S
Update: Just pulled the trigger on that XAGUSD long. Entry around 77.80. Tight stop at 77.00, just below the 20 SMA as planned. Let's see if this R2 pivot holds up. If it breaks, I'm prepared to cut losses. No point in holding onto a losing trade. Gotta be quick!
I like your thinking, @S_White! 👍 A target around 79.00 seems reasonable given the R1 pivot. Just be mindful of potential resistance around that 78.50 area. Good luck with your trade! 🤞