danrindia

Nice Silver trade possibilities. Bearish and than Bullish.

Short
danrindia Updated   
FX:XAGUSD   Silver / U.S. Dollar
A possible inverted Head and Shoulder pattern possible in silver. Presently rejected thrice from the neckline (around $16.90 - $17.00) and possibly going to make the right shoulder until ($15.40 - $16.00) and then shoots up until ($18.00 - $18.50). Its an idea for possible moves but not any advice for trade setups. If it matches with your analysis than it might be worth sharing in the comment section and do comment if there is other possibility. I am learner and prone to make mistakes. Good luck and trade wisely. Money is yours :)
Comment:
Going good...
Comment:
Comment:
One can book partial profit here and set SL to breakeven. Which will give us good trade without loosing much if it reverse.
Trade closed: stop reached:
Stop reached after hitting 16.1 basically a break even trade for rest of the position.
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