XAGUSD PS:We have been on losing streak the past few weeks or so. But we will go through it with our heads up high since we know the probabilities are in our favor in the long run. Stops and take profit levels are as on the chart
Great idea on xagusd, glad that we have the same bearish bias. For our set up, we have identified key resistance and support levels. The first resistance is at 14.72, which is made up of 61.8% & 100% Fibonacci extension , 23.6% & 78.6% Fibonacci retracement and a horizontal swing high resistance. The first support is at 14.48, which is made up of 100% Fibonacci extension , 38.2% Fibonacci retracement and a horizontal swing low support. Stochastic is approaching resistance and a corresponding fall in price might occur should it reverse off this level.
Please take a look at our idea and let us know what you think.
Please take a look at our idea and let us know what you think.