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KillAWhale
Aug 31, 2016 11:15 AM

XAGUSD SHORT - FRACTALS Short

SILVER / U.S. DOLLARICE

Description

Found some repeating fractals in this medium-long term uptrend of Silver

As you can notice we have a repetition of fractals based on Fib levels. Every short-term uptrend happens after a retracement to 61.8% levels are reached.

I expect a move towards 18.000/18.250 range area (or even lower if short term trend confirms itself) before a new massive uptrend.

As always, be careful, set a proper stop loss, never bet what you cannot afford to lose and stay positive!

Comment

Trade still active waiting to see if the last up move was only a trap/momentum.
Comments
KillAWhale
This keeps going in the right way.
SL around 19.000/19.125 .
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