XAGUSD. Last retrace before going high
1) We are at the very top of a huge bearish wedge. Really nice to short
2) RSI starting to stuck up there, after a really good rally.
3) Prices hit a resistance level which was a peak of NOV 2015. Same result: pulled back and failed to close
3) Bearish divergence on Daily MACD. Divergences may take time to develop but looks like this one is ready to be unloaded.
Based on this, I´m shorting Silver from current prices.
SL: 16.500
TP1: 15.500
TP2: 15.000
Trade safe and mind the risks!
2) RSI starting to stuck up there, after a really good rally.
3) Prices hit a resistance level which was a peak of NOV 2015. Same result: pulled back and failed to close
3) Bearish divergence on Daily MACD. Divergences may take time to develop but looks like this one is ready to be unloaded.
Based on this, I´m shorting Silver from current prices.
SL: 16.500
TP1: 15.500
TP2: 15.000
Trade safe and mind the risks!
Trade closed: stop reached:
SL reached very early. Not a good setup =(
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!