XAGUSD short entry at the 161.8% Fibonacci extension
Hi traders,
On the XAGUSD I'm looking to enter short at the 161.8% Fibonacci extension. This area lines up with previous structure, making it a high possibility trade.
Entry: 16.662
Stop: 16.810
Target 1: 16.366 = R:RR 2
Target 2: 16.117 = R:RR 3.68
Good luck guys! Updates will follow.
On the XAGUSD I'm looking to enter short at the 161.8% Fibonacci extension. This area lines up with previous structure, making it a high possibility trade.
Entry: 16.662
Stop: 16.810
Target 1: 16.366 = R:RR 2
Target 2: 16.117 = R:RR 3.68
Good luck guys! Updates will follow.
Trade active
Comment:
Target 1 hit. Moving stop to 16.730.
Trade closed: stop reached:
Good profit overall.
