FxWirePro
Short

Silver forms bearish BAT pattern, decline till $14 is possible

FX:XAGUSD   Silver/U.S. Dollar
391 3 10
Harmonic PatternBearish BAT Pattern

Potential reversal Zone (PRZ) - $15.50.

The commodity has recovered till $15.41 after making a low of $14.24. Overall trend is till weak as long as resistance $15.50 holds.

On the higher side any break above $15.50 will take the pair to next target till $16/$16.45.

The commodity minor support is around $14.80 and nay break below will drag further down till $14.40/$13.95.

It is good to sell on rallies around $15.20-25 with SL around $15.51 for the Tp of $14.45/$14
Nice one!
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FxWirePro Akil_Stokes
a year ago
Thank you
Reply
chinausoil
a year ago
agree
Reply
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