Trade Setup (2/11/2024) - XAGUSD Long in Daily FVG

1. Setup: Enter a long position at the market open within the daily Fair Value Gap (FVG), as price is currently deep within this potential support zone.

2. Entry strategy:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Entry confirmation: If already in the FVG, look for price stability or reversal signals (e.g., bullish candlestick patterns or rejection wicks) to confirm the entry.

3. Stop-loss and take-profit:
- Place stop-loss below the lower boundary of the daily FVG to manage downside risk.
- Set take-profit at twice the stop-loss distance to achieve a 1:2 RRR.

4. Additional considerations:
- Monitor for any relevant economic or geopolitical news that could affect silver's volatility.
- Ensure that the price action continues to support the long bias before committing fully to the trade.

ملاحظة
لقطة

Long it boys
تم فتح الصفقة
لقطة
Letting it run.
أغلقت الصفقة: تم الوصول للهدف
لقطة

I'll re enter worst case here
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