Technician
Short

Silver: Short with the Trend

FX:XAGUSD   Silver/U.S. Dollar
1653 8 16
Looks a bit scary, due to the strong bounce, but worth a try. The price is retesting the high of a major pin bar and horizontal resistance level, within the context of a major bearish wave, we might see a new dip lower.

Join me at https://twitter.com/thefxchannel
Also at my Facebook             page www.thefxchannel.com
My best regards,
Technician

==================================================================
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached I move stop loss to breakeven.
6) If 90 percent of first target is reached without triggering entry I cancel the trade.
7) Remember: Losing is a main part of the game
My live trades here https://telegram.me/joinchat/DgsnQ0FzifLqyI2YAoMqqQ
nmreich1
2 years ago
I was watching that "pin bar" happen in real time and I can tell you that it happened in less than 1/10th of a second. It was a FLASH and then it was gone - whoever it was buying and selling it all happened so fast that if you blinked you missed it; literally.
+1 Reply
2use nmreich1
2 years ago
So whats your opinion on Silver?
Reply
thank you technician
Reply
adamvok
2 years ago
thanks man! I'm wondering if we have a similar story with the oil, or the oil will take a different move? In the 4h chart (oil), is that an ascending triangle we can see there?
Reply
VelsonChew
2 years ago
May I know is this trade still effective for you because I see almost If 90 percent of first target is reached without triggering entry? Thanks.
Reply
Technician TOP VelsonChew
2 years ago
No i am done with this trade,
Reply
Technician TOP VelsonChew
2 years ago
Actually, I have a guts feeling that it will rally now
Reply
Lus87 Technician
2 years ago
Trade canncelled or always good?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out