Silver hovering right above major support,watch for bearish move

FX:XAGUSD   Silver / U.S. Dollar
Sell below 17.34. Stop loss at 17.48. Take profit at 17.11.
Reason for the trading strategy (technically):
Silver is now hovering above 17.34 major support (swing low support, Fibonacci retracement , ascending support) and a clean break of this level would trigger a bearish move to drive price down to at least 17.11 support ( Fibonacci retracement , horizontal overlap support).
RSI (34) sees an ascending support line hold price up really well correspondingly. A similar break of this support line would trigger a bearish move downwards.
Yeah, this is amazing stuff. I'm making a folder of all his pictures for study.
Wow, I learned so much from this one post. Great work!
nice one!
Man, you are amazing.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out