XAGUSD decision point. Trade the break and retest.
Updated
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.
Leaning bearish here due to the bearish descending triangle.
Trade active
Opened short positionNote
Closed 50% of position at $15.00Note
Closed the remaining 50% of the position at $14.283Trade closed: target reached
Closed the remaining 50% of the position at $14.283
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