ForecastCity
Long

Excellent Long-Term Hunting Opportunity in XAGUSD, Don't miss it

FOREXCOM:XAGUSD   Silver / U.S. Dollar
Trading suggestion:
There is possibility of temporary retracement to suggested support zone (15.85 to 15.60), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

Closed Profit:
TP1= @16.20
TP2= @16.55
TP3= @16.85
TP4= @17.20

Take Profit:
TP5= @17.70
TP6= @18.10
TP7= @21.00
TP8= @22.00
TP9= @25.10
TP10= @28.35
TP11= @33.30
TP12= @37.50
TP13= @44.20
TP14= @49.80
TP15= @Free

Technical analysis:
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 68.
.Current short-term is range bound, but beginning of uptrend is expected.
Trade active: Total Profit: 1566 point
Closed trade(s): 268 point Profit
Open trade(s): 1298 point Profit

Trade Setup:
We opened 15 BUY trade(s) @ 16.03 based on 'Valley' entry method at 2017.12.13.

Closed Profit:
TP1 @ 16.20 touched at 2017.12.19 with 17 point Profit.
TP2 @ 16.55 touched at 2017.12.26 with 52 point Profit.
TP3 @ 16.85 touched at 2017.12.28 with 82 point Profit.
TP4 @ 17.20 touched at 2018.01.03 with 117 point Profit.
17+52+82+117 = 268 point

Open Profit:
Profit for one trade is 17.21(current price) - 16.03(open price) = 118 point
11 trade(s) still open, therefore total profit for open trade(s) is 118 x 11 = 1298 point
Trade active: TP5 HIT!!

Technical analysis:
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
.Relative strength index (RSI) is 56.
.Current short-term is range bound, but beginning of uptrend is expected.

Trading suggestion:
There is possibility of temporary retracement to suggested support line (16.85), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

Closed Profits:
TP1= @16.20
TP2= @16.55
TP3= @16.85
TP4= @17.20
TP5= @17.70

Take Profits:
TP6= @18.10
TP7= @21.00
TP8= @22.00
TP9= @25.10
TP10= @28.35
TP11= @33.30
TP12= @37.50
TP13= @44.20
TP14= @49.80
TP15= @Free
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nice chart with TPs...Any idea which direction it may take after it reached perfectly your TP 16.55?
Reply
Won’t happen mate ...lol I don’t see Xag under 16.60
+1 Reply
@layman73, 16.60 is an important support.
+1 Reply
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