jojofang0901
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XAGUSD (SILVER) SHORT TRADE SETUP

FX_IDC:XAGUSD   白銀 / 美元
Hi traders:

There is a potential sell setup forming on XAGUSD             ( SILVER             ), as the daily and weekly chart may indicate a lower high has formed, and we can see some bearish momentum coming in this week. On the 4 hr             chart we can see the price action broke out of the rising channel . We can wait for price action to reject the resistance and form a potential Head and Shoulder pattern before considering a short trade. Look for a strong rejection before enter the short position.

Target 1: 17.01 (2%)
Target 2: 16.70 (3.82%)

Thank you for your support and feedback.
評論: Here is the daily and weekly charts:

Daily:

Weekly:
Great call.
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Wasnt that a retracement yesterday Jojo ?
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jojofang0901 PotlakoNtabe
@PotlakoNtabe, it is, but I did not enter the trade as it alrdy dropped to my TP before retracing. Cheers
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if any fault in my view or prediction then dont hesitate to mention there.
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@Rupesh, Your view is perfect, thanks for sharing.
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Thanks for your support and feedback
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@Rupesh, no problem, anytime.
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