SILVER (XAGUSD) Short Trade Explained

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Prata/Dólar Americano (OANDA:XAGUSD)

OANDA:XAGUSD Prata/Dólar Americano

Trend Analysis Fibonacci Wedge futures Silver XAG USD ( Silver / US Dollar) Metals Commodities Gold XAUUSD DJ FXCM Index USD

trendanalysis fibonacci wedgepattern futures silver xagusd metals commodities gold xauusd usdollar usd

snapshot

pending order went active this night on silver.

reason: breakout of the support line of the rising wedge pattern and confirmed violation of the major horizontal support.
trade was placed on the retest of that horizontal level.

now bearish continuation is highly probable.

initial target is 26.0

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