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MtxTrader
Jan 25, 2017 3:58 AM

XAGUSD 4h Setup Combination Short

Silver/U.S. DollarFXCM

Description

No clear signal as of right now, yet if silver breaks the support trendline where it is right now, it would indicate a move down to the mid 16s.

As with gold, watch for signs of DXY strength on 4h and daily time frames.

Simply watching this pair for now.

Comment

I need something more decisive from the US Dollar, posting analysis on DXY soon

Comment

Failed retest of broken support - as resistance, price heading down, i'm shorting silver.

Comment

Dooooownnn we go

Comment

ouch, atrocious USD news
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