Ambipath
Short

Selling Silver is a sure bet

FX_IDC:XAGUSD   Silver/U.S. Dollar
FX_IDC:XAGUSD            

This looks like a solid sell to me. The price has been moving in a definitive tunnel. Its recent strong move up ended at a previously respected resistance level . Recent daily candles indicate indecision and it looks like the price would rather retrace down to the other end of the channel. All of the oscillators are definitely in the overbought area and the latest bullish weekly candle just begs some retracement.
Trade closed: stop reached: Stop loss reached, the price shot up.
nice idea!
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Ambipath MarlyForex
Thank you!
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