All eyes on Silver with CPI data coming out this week

11 thg 9, 2023

Trade idea:

We have a resistance level sitting at 23.2 on the XAGUSD pair that should turn into a breakout level once it is broken. This is my trade plan:
- Short consolidation on LTF at around 23.2
- Break of 23.2 is my entry level
- Target 1 @ 23.6
- Potential Target 2 @ 23.9 if we see a clean break of 23.2 and a fast move to T1
- Stoploss @ 23.05
- Risk-to-Reward 1:2

11 thg 9, 2023

Ghi chú

Make sure to keep an eye on the dollar and gold if you are trading this

11 thg 9, 2023

Ghi chú

Gold scratched the resistance level at 1930, Silver the next mover?

11 thg 9, 2023

Ghi chú

DXY should move reversed to PM, if we see a sharp decline on dollar and we are at around entry, extra confirmation to trade

11 thg 9, 2023

Ghi chú

This scenario makes sense when you look at major FX to dollar

11 thg 9, 2023

Giao dịch đang hoạt động

I am long

11 thg 9, 2023

Ghi chú

Bit of room on the trade, lets see how long it will take for this to be in the money

11 thg 9, 2023

Ghi chú

DXY holding steady, hope we see a reversal soon and more influx on Gold

11 thg 9, 2023

Ghi chú

So we should see some volume coming into precious metals soon, otherwise I will reduce my position and get the size in line with my risk.

11 thg 9, 2023

Ghi chú

Very slow development so far, hope to see more action on this as we get nearer to CPI data release on wednesday

11 thg 9, 2023

Ghi chú

Gold starting to edging higher, we should see silver make some try too

11 thg 9, 2023

Ghi chú

So we are seeing some upside in PM as we get nearer to Stock open

11 thg 9, 2023

Ghi chú

Gold looks sharp to breakout

11 thg 9, 2023

Ghi chú

High open on SP 500

11 thg 9, 2023

Đã hủy lệnh

Closed long due to volatility, will try again once we appraoch resistance level

12 thg 9, 2023

Ghi chú

Let us see if we get a second try on this today

18 thg 9, 2023

Ghi chú

This trade idea is becoming active again as we are approaching crucial levels

18 thg 9, 2023

Giao dịch đang hoạt động

Entered trade at 23.21

18 thg 9, 2023

Ghi chú

The target area is 23.65

18 thg 9, 2023

Ghi chú

Idea still active and trade still active

19 thg 9, 2023

Ghi chú

Trade looking better and better

19 thg 9, 2023

Ghi chú

Trade idea playing out well so far

19 thg 9, 2023

Ghi chú

My plan is to take 75% of my profits at my T1

19 thg 9, 2023

Ghi chú

If anyone is trading this with, please let me know what you are thinking of this trade setup and what your plans are!

20 thg 9, 2023

Đóng lệnh: đạt mục tiêu

Closing trade here as we are heading into FOMC and good enough, near to T1, thanks for trading this with me!