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rjacobus

XAGUSD 1d sell the retest

Short
Silver / U.S. Dollar (OANDA:XAGUSD)  
rjacobus  
OANDA:XAGUSD   Silver / U.S. Dollar
Support and Resistance Moving Averages
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supportandresistance movingaverage
- After reaching 18.20, price started to reverse.
- Price strongly broke below the 17.30 area.
- Currently retesting the S/R area around 17.30, which acted as a strong
support.
- 4h chart shows a nice pullback to the fast MA.
- Sell if price resumes downtrend. Order placed ~17.26.
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