Confluence Area for Low Risk Buy Setup

FX:XAGUSD   Silver / U.S. Dollar
181 1 5
Silver             is having a heavy down day on the daily, however the pair is still largely in an uptrend.

With the DXY             bouncing against it's 61.8% Fib, this may be an area to try a Long positions.

The pair showing signs of bouncing on the 1H against a rising trendline , bottom of the channel, as well as an 88.6% Fib. with stops below the lows at 15.132 this offer's a nice risk to reward at 1:5 for a shot at overhead resistance just above the previous highs.

Still in risky area
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out