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XAGUSD Approaching Resistance, Potential Reversal

Short
Silver / U.S. Dollar (FX_IDC:XAGUSD)  
ICmarkets Broker  
FX_IDC:XAGUSD   Silver / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns XAG USD ( Silver / US Dollar) XAG USD XAU Silver CAD aud NZD EUR
135
0
trendanalysis harmonicpatterns chartpattern xagusd xag usd xau silver cad aud nzd eur
XAGUSD is approaching its resistance at 16.03 (100% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal swing high resistance) where it could potentially reverse to its support at 15.25 (38.2% Fibonacci retracement , horizontal pullback support).

Stochastic (21, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
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