FX:XAGUSD   Silver/U.S. Dollar
108 5 3
Description in chart ---> Overall Context Below
Comment: Weekly

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Comment: Daily

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In your chart, you say no point to go long, but the target is the dotted line (18), and there is plenty of room to make profit from here ?
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JaimePantoja DownUnder
Hi, thanks for your question, based on my trading plan I always try to enter at the begining of the trend or the second retracement after the trend is confirmed, because if I enter closer to the point of confirmation is most likely that my Risk:Reward ratio improves ... remember that an uptrend is confirmed when the price makes a Higher Low and a Higher high ... In this example in particular the uptrend was confirmed "long time ago" so at least for me I prefer to stay out because the trend is already going on and the price is relative close to the preliminar resistance, therefore I will wait for the next opportunity to present ;)
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DownUnder JaimePantoja
good strategy when your an expert :). currently I think if we cant stay above 17.44 ish, we could see a drop in gear back down a fair bit to cool down the motor, before the long break. lets see what unfolds... (y)
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DownUnder DownUnder
Just cant get over the 17.37 ... the next few hours will break everything...
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JaimePantoja DownUnder
yep lets see what happens :)
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