MaxxCharts

Silver 12hr Squeeze + Momentum Divergence

Long
FX:XAGUSD   Silver / U.S. Dollar
Silver is squeezing on the 12hr with momentum currently to the upside, the momentum divergence looks pretty decent too. We do have to watch for a potential rollover and short fire so track the squeeze by getting the Maxx Momentum indicator To add to this silver is currently in a beautiful weekly short, I am looking for it to roll over. So this is a counter trend trade, but the set up looks good. Trade safe!!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.