dewpoint

Silver - Short worked out, has it more to go to the downside.

OANDA:XAGUSD   Silver/U.S. Dollar
100 0 3
Opened silver             shorts a couple of weeks ago, today it has hit my 1st target level and it has held support here, i've now closed those shorts out and i'm now flat on silver             .
This may drop further, and looking at the 17.230 level as the next area and then possibly down as far as 15.830.
This may retrace back to 18.50 and if it does i'll look to open new shorts here.
Comment: Update- Silver closed flat on the day, or thereabouts. i'm watching this and as above looking for silver to find some support at the 17.23 level, and then a retrace back to the 18.80/19.00 area, as said, i'll look to scale in on 1/2 position at 18.50 and then the other 1/2 at the 18.80/19.00, then looking at closing the trade off at the 17.23 area.
I'm flat on silver right now, no longs or shorts in play, in my opinion it is best to short this on pullbacks rather than taking any long positions right now.
Trade active: Long opened at 17.385, target at 18.80/19.00 level. then i'll look to short it again.
Trade active: SL at 16.90
Trade active: Amended as follows-
Target is 18.84
SL 17.00
Trade closed: target reached: i have closed out the long retrace and out at 18.5.
short opened at same area 18.5 with at 15.85
Trade active: short opened see above
Trade closed: target reached
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