Silver $XAG is already sitting close to the $59.05 low and shorting Current Market Price gives poor first target R:R
The cleaner execution is a bounce into the resistance area then rejection
SHORT setup
Entry $60.30 to $60.60
Stop Loss $61.00
TP1 $59.45
TP2 $59.05
The 4H and 1D structure is bearish with price below the major EMA levels and silver is still under pressure today
I would only take it if sellers show up around $60.30 to $60.60
If price reclaims $61 and holds I’m out
Enter The Trade 👇
#XAGUSDAnalysis
The cleaner execution is a bounce into the resistance area then rejection
SHORT setup
Entry $60.30 to $60.60
Stop Loss $61.00
TP1 $59.45
TP2 $59.05
The 4H and 1D structure is bearish with price below the major EMA levels and silver is still under pressure today
I would only take it if sellers show up around $60.30 to $60.60
If price reclaims $61 and holds I’m out
Enter The Trade 👇
#XAGUSDAnalysis
