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MattArmstrong
Jul 25, 2019 7:36 PM

XAGUSD Silver - Short Idea Short

Silver / U.S. DollarFOREX.com

Description

Silver has had an amazing run up as of late, looking for price to relax before, what I see, as more upside potential. Price is making a rising wedge formation RSI is overbought and indicating divergence. I have tried to fade this trade already, surprising how slowly price is reverting, will scale out and go to break even quickly on this. That's it, that's all. 1% Risk 2:1RR, -Happy Trading!

Trade closed manually

We got the pullback desired and then away we went, a good trade and getting to break even and/or scaling out can be a tough choice, keep looking big picture.
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