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John_Mwaniki

XAGUSD Analysis: Sell idea

Short
Silver / U.S. Dollar (OANDA:XAGUSD)  
John_Mwaniki  
OANDA:XAGUSD   Silver / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators shortsilver XAG USD ( Silver / US Dollar) xagusdanalysis xagusdshort Descending Channel supportbreakout
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trendanalysis chartpattern indicator shortsilver xagusd xagusdanalysis xagusdshort descendingchannel supportbreakout
Silver is following a descending channel and just bounced from the channel resistance. The price also broke a support level and has retested it. I predict the price is highly likely to move further downwards.
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