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Csys
Jan 26, 2016 10:21 PM

XAGUSD daily TA 

Silver/U.S. DollarFXCM

Description

It is known that there is an 80% probability of the price visiting the ML. But the major trend is bearish, and it will be so unless the red line is broken. So it would be best to wait for a shorting opportunity at a key level. A weak candlestick pattern together with a bearish Stoch crossover at the the green line might be a strong bearish signal. On the other hand, the market may give us a retracement until the SL. If we be sure that it is a retracement, then there might be a long opportunity with a good RR, so that is the only possibility we take the long side in the silver market.
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