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SilverTrader925
Apr 6, 2017 10:54 AM

Silver Top Short

Silver/U.S. DollarFXCM

Description

Silver seems to be forming a topping structure, there is a major supply zone around 18.40, if price can close below the trend line i would be short to around the next trend/200EMA.

The RSI is also losing momentum and showing a divergence with price.

Weaker than expected NFP could be the catalyst needed here.
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