chartwatchers

XAUXAG - An interesting idea V1.0

Short
OANDA:XAGUSD   Silver / U.S. Dollar
Before trading this idea you need to read and understand this idea :

I suggest to take this trade only with a XAUUSD long trade with the same margin impact as your XAGUSD short.
This is the only way to minimalize the risk of shorting silver .
Comment: Both position. -xauusd and xauxag- in profit.
Comment: I just noticed I misstyped the title: XAGUSD- An interesting idea v1.0
This idea is about silver..
Comment: The premarket top was at +8.5%.
We had a nearly 15% drop in 6 hours. This looks like an intermediate top.
Comment: Remember :Silver will drop much harder than gold. The reason is tge XAUXAG ratio.
Comment:
Comment: Sikver boroke down from the triangle. The ICL decline started.
Comment: I think silver’s drop will be steeper than gold. Even if gold slows down tomorrow silver can have a -8% day again if the xauxag rallies.
Comment:
Comment: 10 SMA backtest and drop again.
Comment: A possible continuation triangle here what broke down the trendline.
Comment: The measured target is 20$...

Comments

Funny cause i am the only one here, and back to tell that it actually materialized today
Reply
But when are you stopping long on silver? I indeed asked about silver on the other idea as it it is going to be a harder fall and i wonder if you are playing it ?
Reply
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