Hi traders,
Here we have the XAGUSD daily chart. We can see that we have reached the 50% Fibonacci retracement of the downwards move that initiated in the summer of last year. We also have a 161.8% Fibonacci extension at the exact same value.
Targets are 17.800 and 17.350.
Cheers!
Here we have the XAGUSD daily chart. We can see that we have reached the 50% Fibonacci retracement of the downwards move that initiated in the summer of last year. We also have a 161.8% Fibonacci extension at the exact same value.
Targets are 17.800 and 17.350.
Cheers!
Trade active
Comment:
First target hit!
Trade closed: target reached:
Both targets hit! Perfect.
