fxstudent299
Short

SHORT SILVER – 2nd Try

FX:XAGUSD   Silver/U.S. Dollar
Trading setup: sell limit @16.15 , Risk-Reward = 2.38
SL@ 16.55 (-40), TP@ 15.20 (+95)
_____________________________________________________
- after being stoped out last time with a small win, I go today for the second try to short silver            

- even if silver             is more bullish than gold             at the moment, the momentum after a very impulsive move is kind a stalled
- gold             is usually leading the direction in pm sector and gold             is rather week than strong in the last days
- so, at least a bigger correction in silver             is really possible
- if we fall below 15 USD, many SL will be triggered and even a bigger fall (to 14 USD?) is possible
_____________________________________________________
Disclaimer: There is a very high degree of risk involved in trading forex , trading on margin and trading at all. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out