XAG/USD Is approaching a very strong pivot level. This level has been tested several times in the past and as we can see on the chart it has been acting as support and resistance both. With the silver having a very sharp fall it is very likely that this level will act as a support, and there can be mean reversion after the extended fall that we have seen in the commodity.
Comment:
Trade is in profits now. Book 30% of the positions and let the rest run with the stops at breakeven. About 0.42% up since entry which is pretty decent in futures !
Trade closed: target reached:
Target reached, small resistance here so booking out. Also a friday, so time to get out.
Comment:
Fell right from the resistance.
