XAGUSD Descending Channel - Short Term Down
4H Analysis
Long Term - Price moving on a Descending Channel
Short Term - Price moving on a Mini Ascending Channel
Price struggling to create a new high inside Mini Ascending Channel. Per history, this is bound to go down.
Entry Detail:
SL: Set outside the Mini Ascending Channel Resistance Zone to allow the price to fluctuate.
TP: 2R - Just before previous resistance-turned-support / base of Mini Ascending Channel
Note: This post is my personal journal/opinion only. Please trade at your own risk.
Long Term - Price moving on a Descending Channel
Short Term - Price moving on a Mini Ascending Channel
Price struggling to create a new high inside Mini Ascending Channel. Per history, this is bound to go down.
Entry Detail:
SL: Set outside the Mini Ascending Channel Resistance Zone to allow the price to fluctuate.
TP: 2R - Just before previous resistance-turned-support / base of Mini Ascending Channel
Note: This post is my personal journal/opinion only. Please trade at your own risk.
Trade closed: stop reached
Won few percentage
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.