XAGUSD | New perspective

The appearance of a reversal pattern around the bearish trendline identified on the daily time frame insinuates a bearish momentum for the week.

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Trade active:

The week has started on a strong bearish note but unfortunately, I have missed this move. So, I will be waiting to see if the market will give me a second chance at entry... Update coming soon.

Good morning

Trade active:

Current update as selling momentum continues to linger>

BEARISH SIGNAL: breakdown/retest of $19.70 level

Trade active:

With 230pips in profit, price continues to move in our direction. Securing position

Good morning

Trade active:

UPDATE

Trade active:

Rejection of $1,930 area will welcome another position as projected

Trade active:

Multiple rejections of the $19.30 area in the last 4 hours insinuate that bearish tendencies are still feasible from this juncture on the chart. Sellers have continued to reject bullish attempts from the $19.30 area, so selling below this level looks sensible.

Trade active:

UPDATE

Trade active:

Multiple entries dovetail to over 1,000pips profit and stop-loss moved accordingly as sellers continue to impose presence since the beginning of the week.

Good morning

Trade closed: target reached:

Trade closed with over 1,800pips in profit (multiple entries). Update coming soon

Trade active:

Another selling opportunity lining up as I look forward to trading breakdown/retest of the $18.90 level.

Trade active:

A breakdown of the $18.90 happened overnight, will there be a trend continuation to the downside? Looking for a selling opportunity below the $18.90

Good morning

Trade active:

UPDATE

Securing position

Trade active:

UPDATE

Over 700pips in profit, securing position

Trade closed: target reached:

Trade close with 780pips profit

Happy weekend