SIlver the most undervalued asset !

OANDA:XAGUSD   Silver / U.S. Dollar
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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