Realisto_FX
Short

Bearish view on Silver : Naked Analysis

FX:XAGUSD   Silver / U.S. Dollar
Good morning traders,

Silver             broke 2 trend lines and my bias is bearish if price holds below 20 . If the formation of Wolfe Pattern is accurate, we should see a drop till 16 area.

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6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade

Josep Pocalles
http://www.realisto.net
Trade active: I´m taking 50% profits on the position and remaining at BE . We should see some bounce at current trend line
Trade active: Moving STOP to 19.1
http://www.realisto.net
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Agree with you.
+1 Reply
It seems we are right
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