MY XAGUSD (Silver) sell trade setup looks like this:
Entry: 33.1840
Stop Loss: 33.7000
Target 1: 31.9075
Target 2: 31.0000
Trade Analysis:
Trend Line Breakout: Indicates potential bearish momentum.
Risk-Reward Ratio:
Target 1 (31.9075): ~1.27 RR
Target 2 (31.0000): ~3.68 RR (solid swing trade target)
Key Levels:
If price breaks below 32.50, it could accelerate downward.
31.9075 could act as interim support before testing 31.00.
If sellers maintain control, this trade has a good downside potential. Are you using any additional confluences, like Fibonacci retracements or moving averages, to confirm the move?