XAGUSD.Sell Setup

My Silver (XAGUSD) Trade Idea:

Technical Setup:

Silver is in a descending channel

Rejected upper trendline → Bearish continuation likely

50-MA crossing below 100-MA → Bearish confirmation



Trade Plan:

🔽 Sell Entry: Below 31.00 (Breakout confirmation)
🎯 TP1: 30.30 (First target)

Risk Management:

Stop-Loss: Ideally above 31.30-31.50 (depending on volatility)

Risk-Reward Ratio: Depends on SL, but looks favorable


Additional Confirmation:

Volume spike on breakdown

Retest of 31.00 as resistance after breaking

RSI below 50 (preferably nearing oversold levels)


Would you like to set up TP2 for extended downside potential?