Silver H4 | Rising into overlap resistanceSilver (XAG/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 29.78 which is an overlap resistance.
Stop loss is at 30.30 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance.
Take profit is at 28.80 which is a swing-low support.
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Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Losses can exceed deposits.
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