All eyes on Silver with CPI data coming out this week
已更新
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
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
註釋
Make sure to keep an eye on the dollar and gold if you are trading this註釋
Gold scratched the resistance level at 1930, Silver the next mover?註釋
DXY should move reversed to PM, if we see a sharp decline on dollar and we are at around entry, extra confirmation to trade註釋
This scenario makes sense when you look at major FX to dollar交易進行
I am long註釋
Bit of room on the trade, lets see how long it will take for this to be in the money註釋
DXY holding steady, hope we see a reversal soon and more influx on Gold註釋
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.註釋
Very slow development so far, hope to see more action on this as we get nearer to CPI data release on wednesday註釋
Gold starting to edging higher, we should see silver make some try too註釋
So we are seeing some upside in PM as we get nearer to Stock open註釋
Gold looks sharp to breakout註釋
High open on SP 500取消訂單
Closed long due to volatility, will try again once we appraoch resistance level註釋
Let us see if we get a second try on this today註釋
This trade idea is becoming active again as we are approaching crucial levels交易進行
Entered trade at 23.21註釋
The target area is 23.65註釋
Idea still active and trade still active註釋
Trade looking better and better註釋
Trade idea playing out well so far註釋
My plan is to take 75% of my profits at my T1註釋
If anyone is trading this with, please let me know what you are thinking of this trade setup and what your plans are!交易結束：目標達成
Closing trade here as we are heading into FOMC and good enough, near to T1, thanks for trading this with me!
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