Silver / U.S. DollarShort
XAGUSD 24.06.2019
WEEKLY:
- rejected the descending trendline (3rd rejection) possible mvnt to the downside.
- anticipating 1-2 more rejections of the 61.8% fib level + trendline before shorting.
- possible spike to the 71%/ 78% fib level before pushing further down
DAILY:
TRADE = INVALID IF:
- daily closure above 61.8% + trendline
- rejected the descending trendline (3rd rejection) possible mvnt to the downside.
- anticipating 1-2 more rejections of the 61.8% fib level + trendline before shorting.
- possible spike to the 71%/ 78% fib level before pushing further down
DAILY:
TRADE = INVALID IF:
- daily closure above 61.8% + trendline
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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.