pantheo

Maybe the temp high is in

FX:XAGUSD   Silver/U.S. Dollar
104 6 4
I think so, looking to buy the weekly retracement.
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pantheo PRO IvanLabrie
We need a close below 16.85 to have more conviction that temp high is in. Yes, weekly retracement it's our target for longs. For now it's tempting if it goes a bit higher today inside yesterday's pin I'll short it with a 1/1.25 for a beginning. If weekly 16.40 - 16 doesn't hold might end up 1/3.50 roughly. Mid May should start the next up cycle.
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Agreed 100%.
Waiting for the monthly retrace, on May. I'm out of my longs for now.
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pantheo PRO IvanLabrie
Yes, no point being long here, R/R doesn't worth it. Cheers. P.
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SE triggered at 61.8 of yesterday's pin bar rejection. I have another one at 78.6, just in case
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We didn't get a close below 16.85. If close above supply zone can challenge the next one around 18.50.

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First short order stopped at BE, second cancelled due to the fact that AGQ closed above NL on good volume last week.

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