GcNaif

Short based on simple moving average and channel

Short
FX:XAGUSD   Silver / U.S. Dollar
This short is based on current PA, price is trading below 55ma and MA is acting as nice resistance on this timeframe, I will be comfortable with this short as long as the price stays below the last week high or below 55ma.

Entry Current market price , will be adding more if the price goes below the last week low at 15.46. Sl 15.80, TP open

I am a Chart Slave.Thank you TradingView and @nmike.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.