1204 1H PLAN XAGUSD waiting for signal after by the red zone
Hello traders
XAGUSD is not a very strong pair to sell yet. But we also wont open long right now and waitng for more clues later when it hitting red zone.
Buying reasons if price hitting red zone :
1. with a strong bullsih signal above middle band of BB
2. breaking through the red short term trend line
3. Entry position with stop loss could give us a trade with RR>3.
Selling reasons if price hitting red zone:
1. with bearish signal by hitting upper band of BB
2. corssing middle band again after 1
3. Entry position with stop loss could give us a trade with RR>3.
4. the broken green channel will be valid still with a small correction and more drop could happen after that.
Good luck on waiting .
LESS IS MORE!
XAGUSD is not a very strong pair to sell yet. But we also wont open long right now and waitng for more clues later when it hitting red zone.
Buying reasons if price hitting red zone :
1. with a strong bullsih signal above middle band of BB
2. breaking through the red short term trend line
3. Entry position with stop loss could give us a trade with RR>3.
Selling reasons if price hitting red zone:
1. with bearish signal by hitting upper band of BB
2. corssing middle band again after 1
3. Entry position with stop loss could give us a trade with RR>3.
4. the broken green channel will be valid still with a small correction and more drop could happen after that.
Good luck on waiting .
LESS IS MORE!