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SwimTrader

Silver - Possible Rejection Off 200 MA

Short
Silver / U.S. Dollar (OANDA:XAGUSD)  
SwimTrader  
OANDA:XAGUSD   Silver / U.S. Dollar
Support and Resistance Trend Lines Chart Patterns Silver
3
0
supportandresistance trendline chartpattern silver
XAGUSD
snapshot

Top side consolidation around 200MA area with evidence of price rejection. This coincided with a downtrend line on the D time frame.
Strong support ~$16 level, with a descending triangle forming.

Short Trade Idea: Possible fading off trendline/200MA area.

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