Short sell XAGUSD This is trend following trade Counter-trend on lower timeframe
This is counter-trend trade. You take high risk but giving a tight SL and nice reward in short term. Try to sell when price goes up on lower timeframe.
H4: - Structure: Downtrend - Tendency: Upward - Test resistance => DOWN
H4: - Structure: Downtrend - Tendency: upward - Test resistance daily and Below resistance -> Waiting signal=> Sell
H4: - Structure: Downtrend - Tendency: upward - Test resistance daily and Below resistance -> Waiting signal=> Sell
D1: - Structure: Minor uptrend forming - Tendency: Upward - Break trendline and resistance - Above support ==> UP
D1: - Structure: Minor uptrend forming - Tendency: Upward - Break trendline and resistance - Above support ==> UP
H4: - Structure: Downtrend - Tendency: Upward - Test resistance => DOWN
Structure: Sideways Tendency: Downward Pattern: Flag, decreasing ---> Down
Structure: Sideways Test Bounding: If going UP and breakout and give confirmation on breakout level --> Buy If going down and breakout trendline --> Sell
Structure: Sideways Test Bounding: If going UP and breakout and give confirmation on breakout level --> Buy If going down and breakout trendline --> Sell
Structure: Sideways Tendency: Downward Pattern: Flag, decreasing ---> Down