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MtxTrader
Jan 22, 2017 5:29 PM

Silver (XAGUSD) Possible Short Setup 

Silver/U.S. DollarFXCM

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Normally, i would call this a very bullish ascending triangle formation, but we have that pretty big looking resistance trendline.

So for now I would say hold off on buying or selling.

I'd buy when the that resistance TL is broken, and sell when price is rejected from the resistance trendline - and on the way down breaks that support TL of the ascending triangle formation.
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