Hi traders
Silver XAGUSD is in a strong downtrend, now is forming a wedge pattern.
We should look for price action to break down to short Silver!
I’ll wait for price break the trendline down, and have a good price action pattern to short…
I will update the idea as price starts moving…
Take profit targets in the chart first at previous low, second at 14
Good trading!
Xavi.
Silver XAGUSD is in a strong downtrend, now is forming a wedge pattern.
We should look for price action to break down to short Silver!
I’ll wait for price break the trendline down, and have a good price action pattern to short…
I will update the idea as price starts moving…
Take profit targets in the chart first at previous low, second at 14
Good trading!
Xavi.
Comment:
Hello, price has broke the trendline, we can short now around 14.6 or wait for a reatracement at 14.70
Trade closed: stop reached:
Stop Loss Hit!