XAGUSD : NO FEAR - PART 2
Updated
Hi traders,
With the barrage of negative US data we been receiving, with gold showing that this run isn't over yet, with DXY showing overall weakness against all other majors.... I'm calling long from here.
Also that previous wick tells us that the bear are in control. everything else is pointing the other way. We also have a nice bounce off FIB extension from here which gives a nice technical aspect to this trade.
XAGUSD LONG
ENTRY : 16.97
SL : 16.858
TP : 18.57
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
With the barrage of negative US data we been receiving, with gold showing that this run isn't over yet, with DXY showing overall weakness against all other majors.... I'm calling long from here.
Also that previous wick tells us that the bear are in control. everything else is pointing the other way. We also have a nice bounce off FIB extension from here which gives a nice technical aspect to this trade.
XAGUSD LONG
ENTRY : 16.97
SL : 16.858
TP : 18.57
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Trade closed: stop reached
Touched SL in profit. Pick up that habits guys! We were up more than 300 pips I think. Follow the price so you can pick those pips before those market makers push the market like we saw on that weird wick down.
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