MEX_Exchange
Short

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.
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Wow, I learned so much from this one post. Great work!
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nice one!
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Man, you are amazing.
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