XAGUSD has broken the mid-term trendline extended from 18 Mar 2020 to 29 Oct 2020.
Potential short trade with around 1:3 risk & rewards ratio was triggered after the trend line was broken.
Stop loss was set at 24.453 and final target will be at 200MA in daily timeframe.
Take note of demand zone from 21.66 to 22.73 and partial profit can be taken if it is reached.
Potential short trade with around 1:3 risk & rewards ratio was triggered after the trend line was broken.
Stop loss was set at 24.453 and final target will be at 200MA in daily timeframe.
Take note of demand zone from 21.66 to 22.73 and partial profit can be taken if it is reached.
Trade active:
The XAG/USD has reached the demand zone mentioned above, and the momentum is still strong, partial profit can be taken after it 'penetrates' into the zone.
Stay tune for the update:)
Stay tune for the update:)