XAGUSD short entry at the 161.8% Fibonacci extension Short

Silver/U.S. DollarFXCM

Beschreibung

⋅ 4. Jan. 2017 18:36

Hi traders,

On the XAGUSD I'm looking to enter short at the 161.8% Fibonacci extension. This area lines up with previous structure, making it a high possibility trade.
Entry: 16.662
Stop: 16.810
Target 1: 16.366 = R:RR 2
Target 2: 16.117 = R:RR 3.68

Good luck guys! Updates will follow.

Trade ist aktiv

⋅ 5. Jan. 2017 10:30

Kommentar

⋅ 6. Jan. 2017 08:09

Target 1 hit. Moving stop to 16.730.

Trade geschlossen: Stop wurde erreicht

⋅ 10. Jan. 2017 14:44

Good profit overall.

XAG USD ( Silver / US Dollar)fib short

Kommentare

boyunayim

⋅ 7. Jan. 2017 10:33

it may hit 2.0 extension (16.913) level

11021992

⋅ 7. Jan. 2017 12:18

@boyunayim, I agree on longer term. First I expect a touch of the trendline near 16.200 :).

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