XAGUSD(Silver) 19 May 2021 Long Trade +1.0R Profit

TRADE REASONS:

Long trade on XAGUSD(Silver) was considered on 19 May 2021 because of the following.
Daily chart: 10-day MA was angling up.
4-hr chart: Tested a S/R zone after stochastic %K declined to <20.
The trade plan was to enter long at the S/R zone with a stop 1x ATR away from entry and take profit at the next opposing S/R zone.

Silver Daily and 4-hr charts

ENTRY:

Entered long at 27.50 on 19 May 2021 19.21hr MYT at the S/R zone. Stop was placed 0.30 below entry at 27.20 based on the 1x 14-bar ATR. Take profit was placed at 28.55 at the next opposing S/R zone.

EXIT:

Moved stop up by 1R to 27.80 after Silver has moved up by 2R. It then declined to hit my stop at 27.80 on 19 May 2021 22.24hr MYT. The trade yielded 1.0R profit.

Disclaimer: 

Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and any information presented in this blog.