ramon1981

Hold Tight your long positions...Do not close

Long
OANDA:XAGUSD   Silver / U.S. Dollar
Hi Guys,

As I mentioned in my previous post, if you have entered a long position on Silver and you are on red, do not get desperate and close your position...
- In multiple times frames the momentum wave has been creating a divergence...Great news
- A reversal candle has formed in a 1H time frame (doji)...Great news
- Pivot points are squeezed, meaning that most likely soon the price might shoot up, specially if your momentum wave is forming a divergence ...great news

So do not panic and hold your positions

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.