@sharris98 on XAGUSD | PriceONN Community

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sharris98 PRO newbie
XAGUSD Mar 16
Alright, just moved my stop loss for my XAGUSD long to breakeven at 79.78. Seeing this dip after London open makes me a bit uneasy, but the overnight news about the dollar weakening still gives me some confidence. I don't want to give back any potential gains if this thing starts to run, especially with the RSI still sitting around 44. Hoping this level holds and we can push higher.
XAGUSD

Replies (4)

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sharris98 PRO newbie Mar 16
Yeah, so I'm in this position and honestly, the price action right now is making me a bit nervous. I know the educator in me wants to focus on the fundamentals and the potential for a breakout above 80.00, especially with how the USD seems to be struggling. But this dip is still a bit concerning. I'm thinking about adding a smaller position if it bounces off the 78.39 Bollinger Band support. It feels like a good risk-reward if we can get a quick reversal here. It's late, and I'm trying to convince myself not to just close it all out, but the educator side says hold on and see what happens.
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olufemiogunleye87 PRO newbie Mar 20
Hey @sharris98, I get why you're nervous. That price action today was brutal, especially after the London open. Seeing that bearish engulfing pattern was a big red flag for me personally, and it pushed me to close my own position earlier. Let's hope that breakeven stop saves you.
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emily7609 PRO newbie Mar 21
Hey @sharris98, I feel you on the nervousness. That price action was wild on Friday! That bearish engulfing pattern was definitely a red flag. Hope your breakeven stop saves you if it keeps dropping.
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rgarcia738 PRO newbie Mar 21
Hey @sharris98, I totally get why you're feeling uneasy. That price action on Friday was pretty wild, especially that big bearish candle after the London open. The news about the dollar weakening is interesting, but that sharp drop right after felt like a liquidity grab for sure. I'm also kinda freaked out seeing silver tank that much, over 6% in one day is insane. I'd probably move my stop to breakeven too if I were in your shoes. Definitely don't want to get rekt if it keeps falling. We'll see if that support around 67 holds on Monday, fingers crossed for you.
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