For My Silver (XAG/USD) trade setup, you're suggesting a buy entry at 30.2800, with two target points:
1. Entry at 30.2800: You plan to enter the market at this price level, expecting the price to rise.
2. Target 1 at 30.9260: The first profit-taking target is set at 30.9260, which represents a reasonable short-term gain.
3. Target 2 at 32.8555: The second target is set at 32.8555, indicating a more extended upward move.
As always, ensure you have a stop-loss in place to manage your risk, especially if the market moves against your position. A stop-loss could be placed below 30.2800, depending on how much risk you’re willing to tolerate.
Would you like assistance with stop-loss placement or any other trade setup details?
1. Entry at 30.2800: You plan to enter the market at this price level, expecting the price to rise.
2. Target 1 at 30.9260: The first profit-taking target is set at 30.9260, which represents a reasonable short-term gain.
3. Target 2 at 32.8555: The second target is set at 32.8555, indicating a more extended upward move.
As always, ensure you have a stop-loss in place to manage your risk, especially if the market moves against your position. A stop-loss could be placed below 30.2800, depending on how much risk you’re willing to tolerate.
Would you like assistance with stop-loss placement or any other trade setup details?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.