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Prabhu.r
May 17, 2015 2:55 PM

Sell silver once it touches the long term trend line @18.30  

Silver/U.S. DollarFXCM

Description

When we checked the silvers trend line, fibonacci and resistance. I found out that all these three musketeers are meeting for a chat at 18.30 level. Hence we go for a sell.

Fibonacci reaching its 161.8% of its previous wave.
A long term bearish channel which is crossing over 161.8% and also there is previous resistance at 18.30.
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