larizzy

XAG/AUD - Another lovely down trend

Short
OANDA:XAGAUD   Silver/AUD
Here is another lovely down trend in play and another cross I am stalking. I'm waiting for a small bearish candle to present itself to me in the cradle zone, then will play a short trade if it's there. I like how the price is nearing in on the previous level of support/resistance. I'd like to see it test that level before bouncing to the downside.

We have convergence all the way up to the daily, as well as the trend in our trading direction.

I'll stress to you that I'm sitting and waiting to see what happens with this trend, I know what I'm looking and waiting for and will not settle for anything less.

If you're interested in learning the methods I use, visit; www.tradercobb.com

Peace, and remain patient.
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