motleifaul
Short

Still in a downtrend

FX:XAGUSD   Silver/U.S. Dollar
68 2 4
The price retraced more than 61,8 % what is a bearish sign.
Trade closed: stop reached: I am taking the downward retracement as a good possibility to minimize the loss and close the position.
perhaps your start point for the Fib retrace should be lower - 01-14
in which case you will see that price has not retraced yet to 0.62
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Due to the color the starting point on 2nd February at 14,096 is invisible.
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