Nice idea on XAGUSD and there may be short term bearish bias as you have identified. The support we have identified is at 14.23, which is just below the support level that you have found. It is a horizontal swing low support with 61.8% & 100%x2 Fibonacci extension. Stochastic is approaching its support at 5% where a corresponding bounce could occur. If a bounce does occur, we may want to look at the 14.47 resistance level. It is a horizontal pullback resistance with 100% Fibonacci extension and 38.2% Fibonacci retracement. Looking forward to seeing how things develop.
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antoniomatosalves15
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@ICmarkets, Thanks for your sharing, You're welcome to edit or to correct my ideas :D
This idea went so well :D
Please have a look at our idea and share with us what you think.