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jojofang0901
11. Jun. 2017 23:01

XAGUSD (SILVER) SHORT TRADE SETUP Short

SILVER / U.S. DOLLARICE

Beschreibung

Hi traders:

There is a potential sell setup forming on XAGUSD (SILVER), as the daily and weekly chart may indicate a lower high has formed, and we can see some bearish momentum coming in this week. On the 4 hr chart we can see the price action broke out of the rising channel. We can wait for price action to reject the resistance and form a potential Head and Shoulder pattern before considering a short trade. Look for a strong rejection before enter the short position.

Target 1: 17.01 (2%)
Target 2: 16.70 (3.82%)

Thank you for your support and feedback.

Kommentar

Here is the daily and weekly charts:

Daily:

Weekly:
Kommentare
goodguy
Great call.
PotlakoNtabe
Wasnt that a retracement yesterday Jojo ?
jojofang0901
@PotlakoNtabe, it is, but I did not enter the trade as it alrdy dropped to my TP before retracing. Cheers
Rupesh003
if any fault in my view or prediction then dont hesitate to mention there.
jojofang0901
@Rupesh, Your view is perfect, thanks for sharing.
Rupesh003
Thanks for your support and feedback
jojofang0901
@Rupesh, no problem, anytime.
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