Don't buy her that silver bracelet! Time to get short!

FX:XAGUSD   Silver / U.S. Dollar
Let's make a case for getting short here with Silver/Dollar on based on the techicals.

Like most 60 minute traders, I use a 4 hour high time frame for the support/resistance lines to be drawn.

We see a Gartley pattern completion nearing the 14.00 even handle which has acted as previous structure in the past. There's also a 1 to 1 measured move completing in this same area. What more could you ask for? Keep your eyeballs on your preferred Oscillator, because my RSI looks to be heading oversold by the time that price action reaches that same area.

As it stands right now, we have a decent combined technical score.
AB=CD pattern - 2 points
Gartley pattern completion - 3 points
Major structure - 2 points
Ratio confirmation - 1 point (we have the .382 retrace lining up in the killzone of the larger leg.

This is a combined technical score of 8. Not too shabby.

Stops are at 14.090 (the 1.13 Fib inversion of out X to A leg)
Target 1 13.913 (the .382 fib of the A to D leg)
Target 2 13.855 (the .618 fib of the A to D leg)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out