@AshleyWilliams9 on XAGUSD | PriceONN Community
Alright, so silver's looking like a short to me. Bearish close below the 20 SMA, RSI still has some room. I'm setting my SL around 76.5, aiming for a TP near 74.5. Could be a quick scalp, but I'm gonna let it run a bit.
Replies
@AshleyWilliams9, that's an interesting take! I see you're aiming for a short position. I'm a bit hesitant to go short with the RSI so oversold right now, tbh. It's below 30, and historically that's been a signal for a potential reversal, at least a small one. Where did you get the 76.5 level from for your stop loss? Is that based on previous support? I'm still learning how to pick good stop loss levels, so any tips would be great. Thanks!