XAGUSD Trade Log

Trade Setup - XAGUSD Long in Daily FVG

Details:

- Pair: XAGUSD (Silver)
- Timeframe: Daily
- Setup: Long within daily Fair Value Gap (FVG)

Trade Parameters:

- Risk-Reward Ratio (RRR): 1:5
- Risk: 1% of account
- Entry: Watch for confirmation of price stability or bullish reversal signals within the daily FVG.

Stop-Loss and Take-Profit:

- Stop-Loss: Positioned just below the lower boundary of the FVG.
- Take-Profit: Target set at five times the stop-loss distance to achieve the 1:5 RRR.

Additional Notes:

- With a high RRR, rely on strong confirmation signals to support the extended target.
- Stay alert for economic events that could increase XAGUSD’s volatility.