The entry filled and the call is being tracked candle by candle.
What is the logic behind this XAGUSD long?
Written by the trader before the outcome was known, and never edited since.
xagusd at 61.25, clean retest of major resistance-turned-support.
Thesis at publication
The longer case, also locked at publication.
61.252 is critical here, it's the intersection of the 20/50 ema crossup and prior resistance flipped support. lower tfs show absorption, adding credence to the break. targeting 62.678, a logical retracement level, with a tight stop at 60.301 to respect the trend.
Market context
What was true around XAGUSD when this call was published.
Among active calls posted on TradeLiveX at that moment, 100% of 1 open XAGUSD call from 1 trader were long.
2 graded calls, 100% closed above breakeven, mean +0.77R. Frozen as of the post — it is not recomputed.
Across all 14 graded XAGUSD calls on TradeLiveX from 14 traders, 57% closed above breakeven with a mean of +0.38R.
Discussion
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