LewisGlasgow
Short

XAG/USD - Bearish Shark (Continuation)

OANDA:XAGUSD   Silber / US-Dollar
Hello traders, just an update on XAG/USD             with a bearish shark pattern on the 4h chart.

Price has now reached the bottom trendline of the ascending channel , I'm expecting price to breakout and hit the 0.382 retracement level at 17.40000.

If we see this move occur, it will more than likely be followed by a pullback to the trendline providing us with an excellent area to short.

The measurements for a valid shark are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13

Keep an eye on this going into next week, I hope you all have a great weekend!
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You looking at shorting this again from this level with stops above 18.18?
+1 Antworten
LewisGlasgow lloyddavies64
@lloyddavies64, wait until you see signs of price stalling, it would be a good area to short.
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