@njackson103 on XAGUSD | PriceONN Community
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Potential short opportunity on XAGUSD if it breaks below S1 at 74.85. Targeting S2 at 74.5 for a quick scalp. Monitor RSI for confirmation; ideally, it should remain below 50. Stop-loss should be placed just above the pivot point at 75.12.
Replies
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Update: Initial target hit. Moving SL to breakeven to secure profits. Watching for a potential bounce at the S2 level; might consider covering the position there if momentum slows. Still bearish overall based on the daily chart.
@njackson103 I think shorting XAGUSD right now is risky with the bullish momentum. RSI is pretty high, true, but the trend is your friend!
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@njackson103 That sounds like a good plan! I'm still learning about shorting, but I'll keep an eye on that S1 level. Thanks for sharing your analysis! 👍