Fxprotrader
Long

Silver@ High Probability Long Setup

FX:XAGUSD   Silver / U.S. Dollar
Although my overall analysis in silver             shows that price moves to the down, we now have a high probability long setup. Price is testing a key support level (black trendline in the chart) and has formed two harmonic patterns with both their D points exactly at the support level , bullish gartley and a bullish ab=cd .

Speaking in elliott wave count, we have a completed cycle with 5 waves up followed by a classic abc pattern correction. In addition we can see a bullish divergence with RSI .

So many factors which gives us a very nice long opportunity.

Good luck,
John
Trade closed: target reached
I am speechless mate.!
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Very Nice spot!
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Bulls eye!
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Yes, that was a nice one :) Have a nice day Tim, thank you for comment..
+1 Reply
wow great job!
+1 Reply
Thank you!
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Why do you add "Good luck"? Does this mean you're not going to trade it yourself?
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I always trade the setups i post here... Most of the times i end my posts asking for likes and comments.. Luck has nothing to do with this business.. Happy trading prisma :)
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