#XAGUSD Update: Seeing Legitimate Bearish Demand At Key Level !

FX:XAGUSD   Silver / U.S. Dollar
157 0 6

UPDATE: This is off my previous idea, and anyone who took the previous idea is now strongly in the money and we have only just begun this move in my professional opinion.Well done to my signals group who have been able to catch this move and now we are going to be in a high probability move with high probability, strong profits.

Seeing some nice bearish momentum picking up at the lows of XAGUSD             . As we can see, we had a pullback which lacked substance, which gave us a nice retracement, failed at the 50MA, and we can see clear bear demand in the form on a bear engulfing signal which will likely break us out of the pennant pattern we currently have.

This could be part of a 3 wave system we will have to see how it goes in the future, but for now I'm feeling good about this one and I'm sure we will see the lows being hit soon, and if we break the demand zone which we are very near to, we could see some very good lows.

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Best of luck,
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