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.

Like and comment if you agree!
noo
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Let's roll.
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Fxprotrader IvanLabrie
It has a lot of potential, let's see.. I mean let's roll..! :)
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IvanLabrie Fxprotrader
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 IvanLabrie
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 Fxprotrader
Yes, just things that might lead you to think this will work.
Cheers, keep up the great work.
+1 Reply
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