Looking to sell the silver, you can watch to sell the break or sell on trendline, right on fib level.
That's up to you and your strategy, please do not follow blindly. If break up invailid idea.
I'm looking to enter short just above the current market price next week. Probably somewhere around the 17.250 area. Target will be 16.200 or 15.500.
For the stop loss I suggest somewhere around 17.500.
Normally, i would call this a very bullish ascending triangle formation, but we have that pretty big looking resistance trendline.
So for now I would say hold off on buying or selling.
I'd buy when the that resistance TL is broken, and sell when price is rejected from the resistance trendline - and on the way ...
Here we have XAG/USD on the daily chart with a potential shorting opportunity, as you can see price has dropped heavily since spiking up to the 21 level around mid 2016... I'm expecting further declines short-term.
Keep an eye on this structure over the next month, if you have any additional analysis feel free to ...
Hello Guys, Lets take a look at XAGUSD 0.22%, There are two possibilities which can happen according to the current data.
First if we take a look at previous structure then we'll see that its showing repetition of similar moves again and again. We got FALL-1 and just after that we saw another similar move. Now we ...
My initial target on this pullback was 1190, however gold has managed to regain 1200 as the $DXY has rolled over giving up today's gains. Longing from these levels may be risky, but the reward may turn out to be lucrative depending on the volatility and uncertainty during the transition of power in the U.S. ...