XAGUSD LONG

30 באוג׳ 2020

I took a long on XAGUSD after the Jerome Powell Speech last Thursday we saw a big boost at the start of the speech but then on the second half of the speech we saw precious metals took a huge dip with JP taking the edge of inflation talks. So I decided to buy the dip but not just because I thought i saw a good price I also saw good TA with the level of support with several touches and being a good pivot point. Also, the 0.618 level lined up with the support which was a good confirmation. I can see sliver hitting the 30$ Mark by the end of the year with interest rates looking to stay around 0 for the remainder of the year and 2021 which leads to people investing their money elsewhere like the precious metals market and the stock market & cryptos. my first take profit target has been hit which is where I took 30% Profit and going to the rest running unless big news comes out which could be risky or dangerous especially on NFP.

31 באוג׳ 2020

הערה

My Second TP Has Been Hit Taking 50% Profit I Am Going To Leave The Other 20% Running And Looking To Target The $30 Level I Have Now Put My Stop Loss At Break Even Making This A RISK-FREE Trade. We Move On To Finding The Next Trade.