Don't miss the great buy opportunity in XAGUSD Long

SilverOANDA

Description

⋅ Dec 30, 2019 3:56 PM

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (17.44). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. XAGUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.

Take Profits:
TP1= @ 18.16
TP2= @ 18.70
TP3= @ 19.629

SL= Break below S2

Comments

RedRum3X

⋅ Dec 30, 2019 8:36 PM

Will is retrace ? IF so what time frame

ForecastCity

⋅ Dec 31, 2019 2:40 PM

@arizvi829, Yes, It's a temporary retracement. And the time frame is Daily.

huntertrades

⋅ Dec 30, 2019 7:58 PM

Agreed ! What's you % Chance of short term retracement?

huntertrades

⋅ Dec 30, 2019 7:58 PM

@mtmagister, *your

ForecastCity

⋅ Dec 31, 2019 2:45 PM

@mtmagister, The chance to take TPs is high.

fxniki

⋅ Dec 30, 2019 4:53 PM

I agree with your TA. Thanks

ForecastCity

⋅ Dec 31, 2019 2:40 PM

@fxniki, Thanks for your comment.

Tamilkumar

⋅ Jan 1, 2020 2:24 AM

1.Rectangle Resistance.
2.Inverted hammer (wait for candle close).
3.Accumulation and with HH'S and HL 'S
4.Watch price action and enter sell.

#Thoughts #pipbee