tntsunrise
Short

SILVER THREE REASON TO SHORT

FX:XAGUSD   Silver / U.S. Dollar
2182 22 84
Update of silver            
THE AB=CD Move
completed at 16.28
Previous High at 16.34
113% Level at 16.29

These three levels forms a PRZ
and price action shows bearish
we can see a two Pin Bar already formed.
So i will still short Silver             unless it breaks up
16.34 with a bullish candle close above.
Comment:
snapshot

LOOK AT THE PRICE ACTION
IT SHOWS THE BULLISH MOMENTUM IS GONE
Comment:
snapshot
Trade closed: stop reached: Stopped out.
Huge bulilsh move.
Now consdier to buy if pull back
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i dont think so... this is a reaccumulation. silver is bullish
Reply
uperth suburra
How far are we going up now if we are bullish?
Reply
uperth uperth
Shall we go long now? What is the target?
Reply
16.95
Reply
uperth tntsunrise
OK thanks so we reached the target now, and are turning south?
Reply
suburra suburra
Reply
suburra suburra
pf sorry wrong post
Reply
Nice setup, but testing the PRZ several times usually means the current trend is too powerful and the setup might fail, just my novice opinion.
+1 Reply
Thank you for the nice chart setup.
Reply
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