With the barrage of negative US data we been receiving, with gold showing that this run isn't over yet, with DXY showing overall weakness against all other majors.... I'm calling long from here.
Also that previous wick tells us that the bear are in control. everything else is pointing the other way. We also have a nice bounce off FIB extension from here which gives a nice technical aspect to this trade.
XAGUSD LONG ENTRY : 16.97 SL : 16.858 TP : 18.57
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
交易結束：達到停損點
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Touched SL in profit. Pick up that habits guys! We were up more than 300 pips I think. Follow the price so you can pick those pips before those market makers push the market like we saw on that weird wick down.
@Mdotee., My entry touched SL when it did that weird that happened almost instantly. I had moved my SL in profit so secured a few pips. I think both silver and gold are bull in the mid-term but it seems a correction was necessary for this bull run. I still don't see DXY making a run up. To be continued!