Fxprotrader

Silver: Sell Opportunity at Key Resistance Level

Short
Fxprotrader Updated   
FX:XAGUSD   Silver / U.S. Dollar
Price has reached a daily resistance level where previously was rejected and reversed to the down. In the lower time frames, it looks like it's forming a bearish flag pattern, a sign that most likely will make a down move very soon. Perhaps this will be the beginning of the expected sell-off.
Trade closed manually:
Price has broken above the parallel of the fork. I exit this setup cutting my risk at half
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.