forextrader249
Short

SILVER - Short

FX:XAGUSD   Silver/U.S. Dollar
217 2 4
I don't trade silver             so feedback or anything would be great..
Everything's pretty self explanatory. I'm mapped up a possible head and shoulders pattern
Looking for that bearish engulfing candle around 16.525 & 17.049.

Once n the trade looking at y targets to be:

  • Target 1 - 15.432 (double botton)
    Target 2 - 14.636 ( -27% level)
    Target 3 - 13.674 ( 61% level)

Once in the i'm going to manage and move my stops accordingly, to lock in profits.
Looks viable mate - I look at silver and only just posted something similar - deja vu
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