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KPeykov

SIlver the most undervalued asset !

Long
Silver / U.S. Dollar (OANDA:XAGUSD)  
KPeykov  
OANDA:XAGUSD   Silver / U.S. Dollar
Trend Analysis silverlong Silver mid-term longsetup
6
0
trendanalysis silverlong silver mid-term longsetup
The Setup:

  • The price has retested the 61.8% fib retracement level.
  • RSI is above 50
  • MACD crossed below and above the signal line
  • There is a trend line break of the triangle (flag correction pattern)
So we are ready to enter the trade at current market price with the following parameters:

Entry: 17.70 $
Stop Loss: 17.40 $
Profit Target: 18.84 $ (the previous swing high)

Good luck !
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