Silver, Demand Zones Long

FX:XAGUSD1D

Silver/U.S. DollarFXCM

Description

⋅ Aug 21, 2014 12:29 PM

Potential Demand Zones on XAGUSD soon.
Stop loss levels below the demand zones in blue rectangle

Supply and Demand XAG USD ( Silver / US Dollar)

Comments

Ahmed-J

⋅ Aug 21, 2014 1:30 PM

There are not a lot of ideas about silver here. Thanks.

sdtrader

⋅ Aug 21, 2014 3:33 PM

Just a newbie's analysis. What's your view on silver?

Ahmed-J

⋅ Aug 21, 2014 4:08 PM

I don't personally trade Silver. However, if I bought it in the zone you showed then, I will put my SL below 18.82 and my targets the 38% & 61% fib. retracements of the last down move.

sdtrader

⋅ Aug 22, 2014 12:42 AM

I see. thanks for your insights.