@daniel1991 on XAGUSD | PriceONN Community
Potential long setup on XAGUSD: Entry around 80.75 (retest of R1 after breakout), SL at 80.35 (just below the pivot), TP at 81.20. This offers a reasonable risk-reward ratio based on current volatility and pivot levels. Ensure proper position sizing and risk management.
Replies
@daniel1991, that's a pretty tight stop loss you've got there! I'm always worried about getting stopped out prematurely with SLs that close. Do you find that happens often? Your entry point looks good though, I think silver's got some upward momentum. Maybe I'll adjust my own SL now that I'm thinking about it...