Silver / U.S. DollarShort
XAG/USD DOUBLE TOP (sell limit)
XAG/USD
sell
Entree: 29.836
Take profit: 23.500
Stop loss: 30.136
Silver looks like its making a double top, i will look for a sell when the price is around the previous all time high.
Silver is just like gold overbought and it needs a correction to the downside. The correction will look like the previous one but i little harder.
For my take profit i take the Fibonacci level 0.61 + the trendline that it will bounce on, this is around 23.500.
Have a good day.
GV
sell
Entree: 29.836
Take profit: 23.500
Stop loss: 30.136
Silver looks like its making a double top, i will look for a sell when the price is around the previous all time high.
Silver is just like gold overbought and it needs a correction to the downside. The correction will look like the previous one but i little harder.
For my take profit i take the Fibonacci level 0.61 + the trendline that it will bounce on, this is around 23.500.
Have a good day.
GV
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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.
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.