XAGUSD Descending Channel - Short Term Down
Updated
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
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