On the daily chart, instrument is trading between the lower border and the middle line of Bollinger Bands. MACD histogram is in the negative zone, the signal line crosses the zero line and the histogram’s body downwards, giving a signal to open short positions. Stochastic is in the neutral zone, its lines are pointed downwards.
XAG/USD, H4
On the 4-hour chart, instrument is going down along the lower border of Bollinger Bands, the price range is widen, which reflects the possibility of the downward trend development. MACD histogram is around the zero line, the signal line is ready to cross the zero line downwards, after which the signal to enter the market and open short positions will be received. Stochastic is reaching the oversold area; its lines are pointed downwards.