Fxprotrader
Long

Is Silver Going To Fly?

FX:XAGUSD   Silver/U.S. Dollar
Looking at the chart we have a very good reason to go long with silver             . Price is testing a very strong support zone meawhile RSI in the lower timeframes is extremely oversold. A more aggressive approach to this would be to buy the market based only in structure. A safer way would be to wait for price to form any buy signal (the one you have in your arsenal), a harmonic pattern in mine.

Stoploss and profit targets as shown at the chart. As always if price reaches the first target we move stoploss to breakeven to the second one.

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Let's roll.
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Fxprotrader PRO IvanLabrie
a year ago
It has a lot of potential, let's see.. I mean let's roll..! :)
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IvanLabrie PRO Fxprotrader
a year ago
Check out oil, usdjpy, nikkei, and audusd/nzusd, gold...Also fundamentals look bad for the dollar, and the equities and carry trades.
Today's Fed speech was pretty terrible for the dollar bulls.
Tomorrow NFP, should be fun.
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Fxprotrader PRO IvanLabrie
a year ago
No problem Ivan.. There are more setups with potential in the markets. It takes time to draw and post them correctly..
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IvanLabrie PRO Fxprotrader
a year ago
Yes, just things that might lead you to think this will work.
Cheers, keep up the great work.
+1 Reply
mucahit06
a year ago
noo
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