XAGUSD (SILVER) SHORT TRADE SETUP
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.
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.
Note
Here is the daily and weekly charts:Daily:
Weekly:
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.