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DatTong
May 23, 2019 3:18 PM

XAGUSD, Breakout resistance: BUY Long

SilverOANDA

Description

XAGUSD, Breakout resistance: BUY
Comments
Glendoonie
Entry around 14.536?
TheRegulator
@Glendooie, it's a bull trap.
Glendoonie
@TheRegulator, hmmm, for now I’m on the sidelines :-)
DatTong
@TheRegulator, it is easy to say than actually put on a concrete view or trade
TheRegulator
@DatTong, true let's see how it plays out. Good luck.
Glendoonie
@DatTong, Coonfession: I wouldn't know a bull trap if I tripped over one.
TheRegulator
@Glendooie, if you were buying (bullish), you would have been trapped. The Bears were just enticing you into buy before trapping you. The only way out is to close your trade at a loss and cry. Besides you would of been buying into the downward resistance line.
DatTong
@Glendooie, yep. Maybe.
Glendoonie
@DatTong, XAG/USD is looking more like a downward moving pair the longer I sit on the sidelines. So I'm staying here for now. The EUR/NZD sell has my attention now :-)
TheRegulator
@Glendooie, you might be able to catch further downside on Cadchf and usdchf.
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