algomoneyfest

XAGUSD silver price pattern found #XAGUSD

Short
algomoneyfest Updated   
FX_IDC:XAGUSD   Silver / U.S. Dollar
Be careful with Silver around 24,95$ at the moment of this vid.
Pattern similar to a similar Monday 11 years ago.
Bearish limited potential ( -8%) but it looks like the area of 22$ can´t be discounted as preferred scenario for the short term.
Trade closed manually:
well I like to be right so I am closing this manually. Markets are still sideways waiting for the fed funds rates so better secure this short idea.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.