Xagusdshort
(30m) Structure Breakout / Bullish Shark & Remote H&S (a vision)FX:XAGUSD
Obviously a little early for the H&S, but something pulls me to this trade setup, and we just need to wait. (no hurry)
In the meantime, the upward structure was broken, apparently to enter in a corrective movement for a coffee break for the bulls.
*I will be looking to the neck of this eventual structure, and if it is forged, i can place an pending order below it.
For this corrective structure, we can expect something like a basic ABC correction or AB=CD pattern between 50% and 61.8% retracement and a Bullish Shark that can complete between the 161% <> 224% extension.
Safe Trades;
SILVER SHORTXAGUSD is expected to sink now.
There are many reason why we feel it may sink.
01. It has not sustained quarterly buy level.
02. Pinball in daily Chart.
03. To sink and come near quarterly sell level of 14.12
04. Stoch RSI (3,3,14,Close) clearly states it may sink.
05. RSI(14,CLOSE) Is also of the same view.
06. CCI(20,CLOSE) Is also sinking.
Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our sell call shall be from Short below 15.56 SL@: 16.77 Tgt 01: 15.44 Tgt 02: 14.52 Tgt 03: 14.12. We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.