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Prediction of low in Xag/Usd 12.6Monthly trendline up from 2002 lows comes in at around 7! Monthly trendline down has been broken to the upside and has held But fibonacci expansion 0.61.8% from last two moves up are both just below 14 If price breaks below 13.8 again we may see 100% fibonacci expansion level from last move - at least! This is just above 12 So: buy between 14 and 10.5 (100% fibonacci expansion level from initial move up after break of monthly trendline down held) and target at least 38.2% fibonacci retracement monthly - lows to 50 So: around 22 TP -- SL below monthly trendline 7 I am in 100USD at 14 - so SL will cost me $700 - TP(0.5) = 22 (first TP) = $400, second TP(0.5) = 61.8% = 37 = $1150 My prediction is that low will be Xag/Usd = 12.6 = 100% fibonacci expansion of last move A year later we will be above 30
FX:XAGUSDLong
by AdamFx42