Still in a downtrend Short

Silver/U.S. DollarFXCM

Description

⋅ Feb 26, 2016 5:30 PM

The price retraced more than 61,8 % what is a bearish sign.

⋅ Mar 10, 2016 2:42 AM

I am taking the downward retracement as a good possibility to minimize the loss and close the position.

Comments

brian

⋅ Mar 1, 2016 2:45 AM

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

motleifaul

⋅ Mar 1, 2016 8:06 PM

Due to the color the starting point on 2nd February at 14,096 is invisible.