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IvanLabrie
Mar 5, 2017 3:43 PM

XAGUSD: Good to buy on dips Long

Silver/U.S. DollarFXCM

Description

Silver has hit support on the pullback and flashed a buy signal here. Ideally, you'd wait for the market to break Friday's high, and wait for a dip, or just buy at market after this happens.
The trend is up for the most part, so, we could continue to trend higher from here.
You can either risk a new daily low under Friday's low, or risk 3 average ranges down from your entry to be more conservative.

Good luck,

Ivan Labrie.

Trade closed: stop reached

Comments
marc8333
trade closed? ty
IvanLabrie
@marc8333, yes, the swing trade's stop was hit. It doesn't look good. Forex tends to be a horrible mess in the higher timeframes during the last month of each quarter, and during the last quarter of the year (specially closer to the end of the year)
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