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XAGUSD decision point. Trade the break and retest.

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Silver is currently trading in a bearish descending triangle formation which is generally a continuation pattern. In this case it is likely to break down. Take the short at the break below the support and retest. For silver to be bullish and warrant a long it would need to break above the descending triangle top and also break the downtrend resistance in which case a long would be the way you want to go on a retest of the downtrend line.

Leaning bearish here due to the bearish descending triangle.
Dagangan aktif
Opened short position
Nota
Closed 50% of position at $15.00
Nota
Closed the remaining 50% of the position at $14.283
Dagangan ditutup: sasaran tercapai
Closed the remaining 50% of the position at $14.283

Penafian

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