Xagusdshort
Silver Has Broken Below the Flag
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Hi Traders, XAGUSD on D chart has formed a Bullish Falg and has broken below the Flag by a large red candle. I am expecting to go lower to 24.11
⬇️Sell now or Sell at 25.84
⭕️SL @ 26.81
✅TP1 @ 24.11
✅TP2 @ 22.6
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Silver- New leg down soon?After proving 28 zone as a strong resistance, Silver has started to roll back just to find 25.50 zone as support.
One month of consolidation followed and at this point, XagUsd looks ready to break down.
23.80 support could be bears target and Silver back above 27 would negate this scenario
Silver Perfect signal for short Very simple setup for 2.6:1 Reward/Ratio. Let me point out the most important signals here and we have quite few on current chart:
• 200 Emma stopped further gains against dollar
• Followed by long bearish candle accompany with shooting star
• 50% of retracement after mayor drop.
The TP area is within the channel in which silver is traded for the last year.
Silver- back to 23.80 support?Silver is trading in a range for 2 weeks now with a clear ceiling at 26.50.
Bulls are unable to take control and drive the price above this level and XagUsd keeps rolling down to support
A breakdown seems imminent for Silver and short-sellers can have a target under 24.
Sell rallies above 26 can be a good strategy and only a clear close above 26.50 would negate this scenario