XAGUSD Silver LONG position offering good RR Stacking again
Updated
Per my analysis on USD basket i do believe some time today in London NY sesh today we will see a fake out higher on USD so ill be looking for a reentry on XAGUSD around 24.00 to 24.20 with view to XAG bullish move continuation north to 25.80
I've been building into positions with silver so quiet happy to wait for the next minor pull back to achieve optimal pricing on a new position.
Looking at the news calendar we have some minor news 12 hours from now that could be used as a catalyst for a temporary bullish move on USD.
I'm looking to get a fill around 24 big figure to 24.20 and setting stops to 23.80 - take profit 25.80
Ideally we want to see the US dollar basket run 94 - 94.5 to support stacking more into silver.
Attached is a link to my analysis on the US dollar basket Aka DXY
Im quiet new to this platform but will be making regular calls on USD, metals, crypto and commodity - feel free to reach out in the comment section and work with me whilst i learn how to mark up charts on trading view (im a ninja using mspaint for markup)
Dontt forget to subscribe if you want to see more
I've been building into positions with silver so quiet happy to wait for the next minor pull back to achieve optimal pricing on a new position.
Looking at the news calendar we have some minor news 12 hours from now that could be used as a catalyst for a temporary bullish move on USD.
I'm looking to get a fill around 24 big figure to 24.20 and setting stops to 23.80 - take profit 25.80
Ideally we want to see the US dollar basket run 94 - 94.5 to support stacking more into silver.
Attached is a link to my analysis on the US dollar basket Aka DXY
Im quiet new to this platform but will be making regular calls on USD, metals, crypto and commodity - feel free to reach out in the comment section and work with me whilst i learn how to mark up charts on trading view (im a ninja using mspaint for markup)
Dontt forget to subscribe if you want to see more
Trade active
Secure the bag people don't let this winning trade have a chance to go in the red. ... if you jumped on board this trade, well done. Be sure to subscribe for more metal plays!If you missed this entry hold off for another call I'll be writing up tomorrow.
Night all...
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