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XAGUSD Descending Channel - Short Term Down

Short
Silver / U.S. Dollar (OANDA:XAGUSD)  
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OANDA:XAGUSD   Silver / U.S. Dollar
Parallel Channel Support and Resistance Ascending Channel mini-ascending-channel Descending Channel rrr2 shorttermdowntrend Silver XAG USD ( Silver / US Dollar)
5
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parallelchannel supportandresistance ascendingchannel mini-ascending-channel descendingchannel rrr2 shorttermdowntrend silver xagusd
4H Analysis
Long Term - Price moving on a Descending Channel
Short Term - Price moving on a Mini Ascending Channel

Price struggling to create a new high inside Mini Ascending Channel. Per history, this is bound to go down.

Entry Detail:
SL: Set outside the Mini Ascending Channel Resistance Zone to allow the price to fluctuate.
TP: 2R - Just before previous resistance-turned-support / base of Mini Ascending Channel

snapshot

Note: This post is my personal journal/opinion only. Please trade at your own risk.
Trade closed: stop reached:
Won few percentage
snapshot
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