LewisGlasgow

XAG/USD - Bullish 5-0

FX:XAGUSD   Silver/U.S. Dollar
This is insane, to round off my 50th idea on TradingView I'm sharing what could possibly be one of my biggest trades of 2016. Here we have XAG/USD             on a Daily chart with a picture perfect bullish 5-0 , this is an excellent short/long opportunity!

The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50

As you can see price has spiked up to hit a major level of resistance completing our C leg, in addition we are extremely overbought on RSI and I'm all for shorting this pair right down to below 16.000... We're in for a huge trading opportunity.

Do you want more trading inspiration?
Instagram: https://www.instagram.com/lewglasgow/
Youtube: https://www.youtube.com/channel/UChDAc_rLyoBZuhmxFpvX9lg
Learn How to Trade the Most Advanced Market Patterns: https://www.sixfigurecapital.com

Join my Telegram Channel: https://t.me/SixFigureCapital

Facebook: https://www.facebook.com/lewglasgow/
Instagram: https://www.instagram.com/lewglasgow/
As always, a very well constructed study. Great work! Don.
+1 Reply
Thank you Don I appreciate it. Have a great week!
Reply
GL dude im long as well but looking at rsi so looks like a short :(
+1 Reply
I'll be looking to short this on the lower time frames!
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder 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
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out