Fxprotrader
Long

Silver: Buy Opportunity

FX:XAGUSD   Silver/U.S. Dollar
727 4 25
Price has reached the lower parallel of a median line , where was rejected reversing with a sharp upmove. Since then it's has been in a correction testing once again the lower parallel. Going long from current level is good idea. Sl and profit targets as shown at the chart.
Trade closed: target reached: Move sl to breakeven for a second risk free trade
Comment: For those who missed this setup with have another opportunity to enter the market.
snapshot
Do you think the bottom price is at 16.16? thanks! Your pitchfork skill is wonderful!
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Fxprotrader rainbowshen
@rainbowshen, Well i cannot say for sure.. The good thing for now is that price is in a correction so most likely another impulse up is coming.
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rainbowshen PRO Fxprotrader
@Fxprotrader, thanks, the non-farm payrolls data and referendum in Ital are coming soon, I think the 16.06 may be is a good price to buy... thanks very much
Reply
Fxprotrader rainbowshen
@rainbowshen, You may be right.. And you are welcome..!
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